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General

Telecom Italia revenues down 2.7% in H1, starts evaluating asset sales

Wednesday 25 July 2018 | 08:25 CET | News
Telecom Italia (TIM) reported a 2.7 percent year-on-year decline in first-half revenues to EUR 9.51 billion on a comparable basis, hit by the devaluation of the Brazilian real at its TIM Brasil unit, a recent jobs deal, the return to monthly billing in Italy and other regulatory impacts. The company's earnings before interest, tax, depreciation and amortisation (EBITDA) was EUR 3.92 billion in the first six months, down 4.8 percent compared to the year-earlier result of EUR 4.11 billion, while the margin was down 0.9 of a percentage point to 41.2 percent. TIM added that organic EBITDA net of

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