0
General

Telecom Italia revenues improve to 2% fall in Q4, CEO seeks new term

Wednesday 24 February 2021 | 09:39 CET | News
Telecom Italia (TIM) reported an organic 2.1 percent year-on-year decline in revenues to EUR 4.15 billion in the final quarter of 2020, up 2.9 percent sequentially, with service revenues rising 5.2 percent compared to the previous quarter and falling 1.2 percent compared to Q4 2019. TIM said its annual revenues for 2020 as a whole fell 12.1 percent on a reported basis and 6.4 percent on an organic basis to EUR 15.81 billion but that it expected them to continue stabilising this year amid a backdrop of significantly improving commercial indicators.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Telecom Italia / TIM / TIM Brasil
Countries: Italy
::: add a comment
This article is part of dossier

Coronavirus

,

IoT


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telecom Italia giving away two months of TIM Super fibre plans

Published 07 Apr 2021 09:08 CET | Italy
Telecom Italia (TIM) has launched a new promotion tied to its TIM Super Fibra (FTTH) and TIM Super Mega (FTTC) fixed broadband ...

TIM activates unlimited data for 3 days over Easter

Published 02 Apr 2021 15:10 CET | Italy
Telecom Italia (TIM) has launched a new promotion via its TIM Party loyalty programme during Easter weekend. Under the offer, all ...

TIM board confirms Gubitosi and Rossi as CEO and chairman

Published 02 Apr 2021 13:53 CET | Italy
The board of directors of Telecom Italia (TIM) confirmed Salvatore Rossi as chairman and Luigi Gubitosi as Chief Executive ...

Agcom launches new consultation on TIM's co-investment project

Published 02 Apr 2021 08:58 CET | Italy
Italy's communications regulator Agcom said it has launched a new public consultation on the secondary fibre-optic network ...

TIM shareholders back CEO Gubitosi for new 3-year term

Published 01 Apr 2021 09:06 CET | Italy
Telecom Italia (TIM) announced that its shareholders have approved the new slate of 10 directors proposed by the board last ...

TIM invests EUR 6 mln in Imola FTTH rollout

Published 31 Mar 2021 10:24 CET | Italy
Telecom Italia (TIM) said work has begun to build a fibre-to-the-home network in the city of Imola in the Emilia-Romagna in a ...

TIM launches project to digitise 140 industrial districts

Published 31 Mar 2021 08:55 CET | Italy
Telecom Italia (TIM) has launched a project dubbed 'Smart District' to accelerate the digital transformation of over 140 ...

TIM to bring FTTH to Andria in EUR 6.5 mln investment

Published 30 Mar 2021 10:41 CET | Italy
Telecom Italia (TIM) announced that work has begun to build a fibre-to-the-home network in the southern city of Andria in the ...

TIM testing 10 Gbps FTTH in Rome, Turin and Genoa

Published 29 Mar 2021 09:41 CET | Italy
Telecom Italia (TIM) has begun testing a symmetric 10 Gbps FTTH service in the cities of Rome, Turin and Genoa. Following an ...

TIM launches EUR 7.5 mln Foggia FTTH rollout

Published 23 Mar 2021 15:27 CET | Italy
Telecom Italia (TIM) said it has begun works to build a fibre-to-the-home network in the southern city of Foggia in the Puglia ...

TIM set to switch off 3G network in 2022

Published 22 Mar 2021 09:42 CET | Italy
Telecom Italia (TIM) is preparing to follow Vodafone and switch off its 3G network by next year, reports Mondo Mobile Web, citing ...

TIM to bring FTTH to Como, Tivoli, Chioggia and other cities via FiberCop unit

Published 18 Mar 2021 09:16 CET | Italy
Telecom Italia (TIM) has several more cities to the rollout plans of its FiberCop co-investment venture, pledging to bring FTTH ...

TIM bringing gigabit FTTH to Cuneo in EUR 7 mln rollout

Published 11 Mar 2021 10:38 CET | Italy
Telecom Italia (TIM) announced an agreement with Cuneo city council to bring fibre-to-the-home services to the Piedmont locality ...

TIM investing EUR 10 mln in Novara FTTH build

Published 10 Mar 2021 09:07 CET | Italy
Telecom Italia (TIM) said it has reached a deal with the city council of Novara in the Piedmont region to extend its ...

TIM to bring gigabit FTTH to Modica in EUR 5 mln rollout

Published 09 Mar 2021 15:34 CET | Italy
Telecom Italia (TIM) announced an agreement to extend its fibre-to-the-home infrastructure to the city of Modica in southern ...

TIM looking to cut up to 1,300 jobs this year - report

Published 09 Mar 2021 08:54 CET | Italy
Telecom Italia (TIM) has reached an agreement with unions that could see the company cut up to 1,300 jobs in Italy this year ...

TIM completes FTTH build in Ravenna and Chiavari, adds cities to FiberCop rollout

Published 08 Mar 2021 09:58 CET | Italy
Telecom Italia (TIM) said it has completed its plan to bring fibre-to-the-home infrastructure to the cities of Ravenna and ...

Inwit organic revenues up over 3% to EUR 190 mln in Q4

Published 05 Mar 2021 09:16 CET | Italy
Italian mobile towers group Inwit said its revenues rose to EUR 189.9 million in the fourth quarter of 2020, up 84.0 percent year ...

Filangieri named CEO of TIM's FiberCop venture

Published 04 Mar 2021 09:25 CET | Italy
The board of directors of FiberCop, the new last-mile fibre and copper grid company set up by Telecom Italia (TIM), has announced ...

Last week in telecoms: strategy updates, co-investment and smart cities

Published 01 Mar 2021 12:21 CET | World
After the annual results, come the analyst meetings, with several strategy updates in the past week. TIM, Akamai, Twitter, Snap ...

TIM Brasil updates strategic plan, targets for 2021-2023

Published 26 Feb 2021 11:14 CET | Brazil
TIM Brasil updated its 2021-2023 Strategic Plan, forecasting a 5 percent annual service revenue growth, 5 percent EBITDA annual ...

Telefonica Germany grows revenues, OIBDA, postpaid customers in Q4

Published 24 Feb 2021 10:19 CET | Germany
Telefonica Deutschland said its revenues grew by 2.7 percent year-on-year in Q4 20202 to EUR 2.02 billion. The effects of the ...

Oi signs mobile sale agreement with TIM, Telefonica, Claro

Published 29 Jan 2021 15:35 CET | Brazil
The purchase and sale of shares and other covenants agreement was officially signed by Oi Movel with TIM, Telefonica Brasil and ...

TIM launches new cloud services unit 'Noovle'

Published 25 Jan 2021 13:52 CET | Italy
Telecom Italia (TIM) has announced the creation of a new wholly-owned unit specialising in the provision of cloud and edge ...

Italian data consumption hits 9.2 GB per user in Q3, up 48% YoY

Published 18 Jan 2021 15:48 CET | Italy
Average Italian data consumption continued to surge in the third quarter of 2020, reaching an average of 9.2 GB a month per user, ...

Italy's competition watchdog to probe TIM's FiberCop project

Published 22 Dec 2020 10:38 CET | Italy
Italy's antitrust and competition authority AGCM has announced the launch of a new investigation into the last-mile fibre and ...

Claro, TIM and Telefonica confirm takeover of Oi Movel for BRL 16.5 billion

Published 15 Dec 2020 10:34 CET | Brazil
The joint bid of TIM Brasil, Telefonica Brasil and Claro Brasil for Oi's mobile business has been declared the winner, with an ...

TIM signs deal to acquire two BT Italia business-focused units

Published 10 Dec 2020 11:31 CET | Italy
Telecom Italia (TIM) has signed a preliminary agreement to acquire two separate BT business units in Italy serving the Public ...

TIM and Tiscali ink FiberCop co-investment contracts

Published 23 Nov 2020 08:58 CET | Italy
Telecom Italia (TIM) and Tiscali have announced the signing of executory contracts to co-invest in the FiberCop project following ...

Telecom Italia revenues down 5% in Q3, spins off data centre business

Published 11 Nov 2020 08:57 CET | Italy
Telecom Italia (TIM) reported an organic 5.0 percent year-on-year decline in revenues to EUR 3.90 billion in the third quarter of ...

TIM approves sale of FiberCop stake to KKR and govt single network plan

Published 01 Sep 2020 08:56 CET | Italy
Telecom Italia (TIM) announced that its directors approved the sale of a minority stake in its last-mile fixed network to US ...

Telecom Italia service revenues fall 8% in Q2, EBITDA margin improves on cost control

Published 05 Aug 2020 09:09 CET | Italy
Telecom Italia saw its decline in revenues accelerate to 10.1 percent on an organic basis in the second quarter of 2020, to EUR ...