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General

Telecom Italia raises FY guidance after improved Q2 results

Wednesday 27 July 2016 | 08:51 CET | News
Telecom Italia raised its domestic earnings guidance for 2016 after reporting better-than-expected second quarter results, driven by the continued recovery of its mobile segment. The company said it now forecasts "low single digit organic growth" in domestic EBITDA compared to the previous prediction of "at least stable" earnings. The group's second quarter EBITDA came to EUR 2.01 billion, a 25.4 percent rise compared to the year-earlier result of EUR 1.61 billion. Group revenues came in at EUR 4.66 billion, down 9.9 percent from EUR 5.05 billion a year ago, hurt above all by the continuing

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