Telecom Italia sees sales climb 7.4% in first half

Telecom Italia Group, which trades under the TIM brand in Italy and Brazil, has reported revenues of EUR9.77 billion (USD11.28 billion) for the first six months of 2017, up 7.4% year-on-year, while group EBITDA increased 10.4% to EUR4.11 billion. Domestic revenues for the first half rose 3.4% to EUR7.49 billion, while there was a 23.4% increase in sales in Brazil, to EUR2.29 billion. Profits attributable to shareholders fell from EUR1.02 billion in H1 2016 to EUR596 million in the first six months of this year.