3 Italia revenues fall 11% in 2013 as customer base grows 2%

Friday 28 February 2014 | 11:02 CET | News
Hutchison Whampoa's Italian mobile operator 3 Italia reported revenues down 11 percent to EUR 1.746 billion in 2013, a fall the company attributed to the ongoing effects of cuts to mobile termination rates . The operator's service revenues came in at EUR 1.352 billion, a 7 percent fall, but its EBITDA rose 6 percent to EUR 279 million, with operating profit (EBIT) dropping slightly to EUR 0.3 million from 0.5 million a year earlier. Its EBITDA margin increased to 20 percent from 17 percent in 2012. 3 Italia saw its registered customer base grow by 2 percent in 2013 to 9.69 million, with the 3

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Categories: Mobile & Wireless
Companies: 3 Italia / Hutchison Whampoa
Countries: Italy
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