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General

Telecom Italia sales down 6.7% in Q4, accelerates spending

Tuesday 16 February 2016 | 08:34 CET | News
Telecom Italia reported a 6.7 percent year-on-year fall in fourth-quarter revenues to EUR 4.84 billion in organic terms, hurt by the effects of the macroeconomic situation in Brazil and wholesale price revision in Italy. Domestic revenues came in at EUR 3.87 billion on an organic basis, down 2.6 percent year-on-year but a 0.7 percent improvement compared to Q3, while sales at its Brazil unit – TIM Brasil – plummeted 20.2 percent on an organic basis to EUR 940 million, impacted by lower handset sales and what the company described as challenging macro and regulatory environments. Group EBITDA

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