Wind blows hot and cold

8 Jun 2006

Italy’s largest alternative telco Wind reported a net profit of EUR14 million for the first three months of 2006, reversing a loss of EUR500,000 in the same period last year. A company statement put the improvement down to “the better operating performance and a reduction in amortisation of tangible and non-tangible assets”. Sales rose 2.3% to EUR1.15 billion, with a 13% increase in mobile revenues counteracting a 5% drop in sales of wireline and internet services. EBITDA reached EUR384 million, from EUR382 million a year ago.

Italy, WINDTRE (incl. Wind and 3 Italia)