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General

WindTre active clients down 11% to below 20 mln, sales fall 5% in Q3

Wednesday 4 November 2020 | 11:22 CET | News
The customer base of Italian operator WindTre fell to below 20 million for the first time in several years at the end of September 2020 due to aggressive market competition from low-cost challenger Iliad and other MVNOs. Initial third quarter results released by owner CK Hutchison revealed that WindTre's active customers dropped to 19.90 million at the end of September, some 11 percent lower than the year-earlier total of 22.24 million, with revenues declining 5 percent year on year to EUR 1.19 billion and the total margin falling 4 percent to EUR 913 million.

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Categories: General
Companies: CK Hutchison / WindTre
Countries: Italy
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