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General

Telecom Italia sales down 4.5% in Q3, reorganises wholesale

Friday 6 November 2015 | 08:30 CET | News
Telecom Italia reported a 4.5 percent year-on-year fall in third-quarter revenues to EUR 5.4 billion, hurt by the macroeconomic situation in Brazil unit and competition in its domestic market. In the nine months to 30 September, revenues were down 6.9 percent to EUR 14.9 billion, or -3.9 percent on organic terms. EBITDA fell to EUR 5.6 billion, around 14.8 percent less than the first nine months of 2014, while net profit attributable to shareholders plummeted to EUR 362 million, compared to EUR 985 million in the year-earlier period, due above all to one-time charges and the negative impact

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