Domestic result helps boost Telecom Italia

7 Nov 2016

Telecom Italia, which offers fixed and mobile services in Italy and Brazil under the TIM brand, has reported a 1.4% year-on-year rise in group revenues for the third quarter to 30 September 2016, to EUR4.84 billion (USD5.49 billion). EBITDA climbed 8.8% to EUR2.15 billion, while net profit attributable to shareholders amounted to EUR477 million, up 42.8% from EUR334 million in 3Q15. The firm says it recorded the strongest performance in its domestic market since 2007, with sales up 1% and EBITDA rising 7.9%, while there were also positive signs in Brazil. TIM claimed 29.55 million mobile subscribers in Italy and 63.25 million in Brazil at the end of September.

Brazil, Italy, Telecom Italia (TIM), TIM Participacoes (TIM Brasil)