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General

Telecom Italia revenue growth slows to 1.3% in Q3, EBITDA lower

Friday 10 November 2017 | 10:40 CET | News
Telecom Italia (TIM) reported a 1.3 percent year-on-year rise in revenues to EUR 4.91 billion in the third quarter, up from EUR 4.84 billion a year earlier, fuelled by continuous high demand for high-speed mobile and fixed services and the ongoing recovery at its TIM Brasil unit. However, the results were slightly below expectations in view of annual revenue rises of 6.4 percent and 8.5 percent in the previous two quarters. In September, Vivendi's chief convergence officer Amos Genish replaced Flavio Cattaneo as CEO in a further sign of the French media giant's influence over the company.

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