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General

Telecom Italia service revenues down 5.7% in Q3 on wholesale losses and competition, cuts debt

Friday 8 November 2019 | 09:28 CET | News
Update: 8 November 2019 | 10:14 CET
Telecom Italia (TIM) reported a 5.7 percent year-on-year decline in third quarter service revenues to EUR 4.06 billion compared to falls of 0.4 percent, 2.5 percent and 2.9 percent in the previous three quarters, attributed mainly to a significant reduction in international wholesale contracts, partly offset by a 3.0 percent year on year rise in revenues at its TIM Brasil unit. The group's EBITDA after leases was down 4.3 percent to EUR 1.9 billion in the three months ending September compared with the same period of last year, though the margin inched up 0.7 percentage points to 44.6 percent

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[08/11/2019 10:14 - Update: Q3 KPIs added.]


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