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General

Wind Tre revenues fall 9% to EUR 1.4 bln in Q1

Monday 14 May 2018 | 08:58 CET | News
Wind Tre, the Italian operator resulting from the 50-50 joint venture between Veon's Wind and Hutchison's 3 Italia, reported revenues of EUR 1.41 billion in the first three months of 2018, down 8.9 percent year on year, attributed above all to strong competitive pressure, partly offset by rising data revenues. The group's EBITDA fell 5.3 percent to EUR 509 million due to higher synergy costs resulting from the merger, but the margin increased 1.3 percentage points year on year to 36.1 percent. Wind Tre CEO Jeffrey Hedberg described the results as challenging in view of persistent top line

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