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General

Wind Tre revenues down 4.5% to EUR 6.2 bln in 2017

Wednesday 21 February 2018 | 15:22 CET | News
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Wind Tre, the Italian operator emerging from the 50-50 joint venture between Veon's Wind and Hutchison's 3 Italia, reported total revenues of EUR 6.18 billion in 2017, down 4.5 percent year on year, attributed to strong competitive pressure, above all in the second half of the year. Service revenues declined 3.4 percent to EUR 5.26 billion, with  smartphone sales dropping 9.8 percent to EUR 760 million, partly on account of a commercial revamp and the introduction of a more selective credit policy. Operating cash flow generation (EBITDA - Capex) was EUR 954 million, down 5.8 percent year on

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Categories: General
Companies: 3 Italia / CK Hutchison / Veon / Wind Tre
Countries: Italy
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