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General

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

Wednesday 5 August 2020 | 09:09 CET | News
Telecom Italia saw its decline in revenues accelerate to 10.1 percent on an organic basis in the second quarter of 2020, to EUR 3.8 billion. Underlying service revenues fell 8.2 percent to EUR 3.6 billion, hurt by shops closures and reduced tourism due to the coronavirus pandemic. Better cost control helped limited the drop in organic EBITDA after leases to 6.4 percent to EUR 1.6 billion, improving the margin. 

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