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General

Telecom Italia Q4 sales up 5.3%, plans EUR 11 bln spend

Monday 6 February 2017 | 07:56 CET | News
Telecom Italia reported a 5.3 percent year-on-year rise in fourth-quarter revenues to EUR 5.10 billion, driven by an improved macroeconomic situation and soaring data demand in Brazil as well as the best quarterly result for its domestic unit since 2007. On an organic basis, revenues rose 0.8 percent year on year in the last three months of the year, an improvement on a 1.2 percent fall in Q3 and the first positive quarterly result for 18 quarters. EBITDA for the quarter also rose, by 5.9 percent year on year in organic terms, to EUR 2.14 billion, attributed above all to a series of cost cuts

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