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General

Telecom Italia FY sales down 7.8%, lowers net debt

Friday 20 February 2015 | 08:49 CET | News
Telecom Italia reported full-year revenues down 7.8 percent to EUR 21.57 billion, a slight improvement on the previous year's fall of 9.1 percent. In a statement setting out its preliminary results to coincide with the launch of its 2015-2017 business plan, the company said its EBITDA for the year fell 7.9 percent to EUR 8.79 billion, while the EBITDA margin remained stable at 40.7 percent (40.8 percent in 2013). Net debt was reduced by EUR 156 million to EUR 26.65 billion, including the impact of the EUR 0.9 billion spent on spectrum acquisition in Brazil and Argentina. Capex increased by

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Categories: General
Companies: Telecom Italia / TIM
Countries: Italy
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