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General

Telecom Italia revenues down 1.6% in Q1 on Brazil decline, regulatory fines

Thursday 17 May 2018 | 08:36 CET | News
Telecom Italia reported a 1.6 percent year-on-year decline in revenues to EUR 4.74 billion in the first quarter, hit by falling sales at its TIM Brasil unit and provisions made for a domestic fine of EUR 74.3 million imposed on the phone group after the Italian government activated the so-called "golden power" rule last October to scale back Vivendi's influence. The company's EBITDA for the quarter fell 4.9 percent year on year to EUR 1.89 billion with a margin of 39.9 percent, down 1.4 percentage points year on year. On an organic basis, excluding exchange rate effects and non-recurring

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