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General

TIM cuts FY EBITDA forecast on weaker fixed line revenues

Thursday 16 December 2021 | 09:11 CET | News
Telecom Italia (TIM) has reduced its forecast for 2021 organic earnings before interest, tax, depreciation and amortisation after leases (EBITDA-AL) due to lower than expected wireline revenue. Following two profit warnings that forced TIM's CEO Luigi Gubitosi to step down last month, the operator said it now expected a "low teens decrease" in EBITDA-AL for the full year due in part to the underperformance of its partnership with sport streaming platform DAZN following their EUR 1 billion agreement to air Italy's top-tier Serie A football matches over the next three seasons. 

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