TI lowers growth forecasts

8 Mar 2006

Telecom Italia has lowered its forecasts for annual revenue growth for the period 2006 to 2008. The telco says it expects to sales to grow at around 3% to 4% over the next few years, which is down slightly on its earlier prediction of 4%-6% growth between 2005 and 2007. EBITDA margin is expected to be stable at around 42% between 2005 and 2008. The firm also plans to cut net debt from EUR39.8 billion at the end of 2005 to EUR33.5 billion by the end of 2007.

Italy, Telecom Italia (TIM)