Little change at Telecom Italia

10 Sep 2007

Telecom Italia has reported results for the first half of 2007, with relatively little change in revenues or net profits. Sales for the six months to the end of June were up 0.9% year-on-year at EUR15.47 billion, while net earnings climbed 0.3% to EUR1.50 billion. Net debt at 30 June stood at EUR39.18 billion, up EUR1.87 billion from end-2006, although this does not account for recent disposals which should bring in around EUR870 million.

Italy, Telecom Italia (TIM)