0
General

Wind EBITDA up 11% in Q3 ahead of 3 Italia merger

Thursday 3 November 2016 | 08:29 CET | News
Italian operator Wind reported a 6 percent year-on-year rise in third-quarter revenues to EUR 1.16 billion, with a dip in fixed-line service sales offset by a return to growth in mobile service revenue and strong handset sales. Wind's EBITDA was up 11 percent to EUR 473 million, with the company's EBITDA margin increasing to 40.8 percent from 39.1 percent the year earlier. Parent company Vimpelcom welcomed the results as a solid platform ahead of Wind's merger with CK Hutchison's 3 Italia, which is expected "shortly" after its was cleared by the European Commission on 01 September and by the

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: 3 Italia / European Commission / Vimpelcom / Wind
Countries: Italy
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Italy's Wind Tre posts FY sales up 1.3% to EUR 6.5 bln

Published 23 Feb 2017 14:26 CET | Italy
Wind Tre, the new Italian operator emerging from the 50-50 joint venture between Vimpelcom's Wind and Hutchison's 3 Italia, has ...

Italy's Wind offers 2GB free data in Valentine's promo

Published 06 Feb 2017 13:39 CET | Italy
Italian operator Wind has launched a St. Valentine's promotion giving all its prepay customers access to up to 2GB of free data. ...

Ericsson could cut quarter of Italian workforce - report

Published 20 Dec 2016 15:50 CET | Italy
Ericsson may be forced to cut some 1,000 jobs in Italy, equivalent to a quarter of its local workforce, after missing out on the ...

ZTE to land EUR 1 bln Wind-3 Italia network deal - report

Published 19 Dec 2016 09:46 CET | Italy
ZTE is set to be awarded the EUR 1 billion contract to upgrade the mobile network of the newly-created joint venture between ...

Italy's Wind launches Huawei Nova online top-up offer

Published 13 Dec 2016 10:18 CET | Italy
Italian operator Wind is giving all customers who top up any amount via the MyWind app or via www.wind.it between 12 and 21 ...

Italy's Wind launches 'Don't drive and text' campaign

Published 06 Dec 2016 09:34 CET | Italy
Italian operator Wind has announced the launch of an initiative called 'Don't drive and text' with a view to promoting safer use ...

Wind-3 Italia planning 1,500 job cuts due to merger - report

Published 18 Nov 2016 10:24 CET | Italy
Italian operators 3 Italia and Wind are planning to cut up to 1,500 jobs, equivalent to 16 percent of the workforce, following ...

Wind-3 Italia name senior management team for JV

Published 14 Nov 2016 14:13 CET | Italy
VimpelCom and CK Hutchison have revealed the names of all senior managers appointed to lead their recently completed Wind-3 ...

Wind rolls out new Veon messaging platform in Italy

Published 08 Nov 2016 08:33 CET | Italy
Italian operator Wind has begun testing a new free messaging app in Italy this week as part of a strategy by parent company ...

CK Hutchison, VimpelCom close 3 Italia, Wind JV deal

Published 07 Nov 2016 08:58 CET | Italy
Italian operators 3 Italia and Wind are now formally controlled by the joint venture created to combine their businesses after ...

Vimpelcom sees small increase in organic sales, EBITDA in Q3

Published 03 Nov 2016 08:11 CET | World
Vimpelcom reported a small increase in organic sales and EBITDA in the third quarter, led by a strong performance in Ukraine and ...

Italian government approves Wind-3 Italia joint venture

Published 25 Oct 2016 10:46 CET | Italy
CK Hutchison, owner of Italian mobile operator 3 Italia, announced that the country's Ministry of Economic Development (MISE) ...

3-Wind to challenge TIM for top spot on Italian market as Iliad brings fresh competition

Published 09 Sep 2016 11:33 CET | Italy
The approved merger of the Italian subsidiaries of VimpelCom (Wind) and Hutchison (3 Italia) will create the country's largest ...

EC green lights Wind-3 Italia merger

Published 01 Sep 2016 12:54 CET | Italy
The European Union's antitrust authorities have approved the merger of Italian mobile operators Wind and 3 Italia after parent ...

Wind revenues up 0.9% in Q2 on strong mobile sales

Published 04 Aug 2016 09:24 CET | Italy
Italian operator Wind reported a 0.9 percent year-on-year rise in second-quarter revenues to EUR 1.1 billion, with a decline in ...

Wind Q1 revenues down 1.3% to EUR 1.1 bln, mobile up 2%

Published 12 May 2016 09:24 CET | Italy
Italian operator Wind reported a 1.3 percent year-on-year fall in first-quarter revenue to EUR 1.06 billion, with a decline in ...

Wind Q4 revenues up 5% to EUR 1.2 bln, improves mobile trend

Published 17 Feb 2016 08:39 CET | Italy
Italian operator Wind reported a 5.0 percent year-on-year increase in fourth-quarter revenue to EUR 1.18 billion, thanks to a ...

Wind sales down 11% in Q3, improves revenue trend

Published 06 Nov 2015 09:55 CET | Italy
Italian operator Wind Telecomunicazioni reported third-quarter revenues down 11 percent year on year to EUR 1.09 billion, ...