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General

S&P downgrades Telecom Italia outlook to negative following network deals

Wednesday 7 October 2020 | 09:39 CET | News
Ratings agency S&P has downgraded Telecom Italia's outlook to negative to reflect expectations of lower revenues and earnings as a result of the Covid-19 pandemic as well as reduced ownership of its secondary network. In a statement, the agency said it expected TIM's revenues to fall 11 percent this year due to weaker year-on-year domestic service revenue, roaming and equipment sales, coupled with adverse currency movements affecting its TIM Brasil business.

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Categories: General
Companies: Open Fiber / Telecom Italia / TIM / TIM Brasil
Countries: Italy
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