H1 turnover falls 2.7% at Telecom Italia

Telecom Italia Group, which operates in Italy and Brazil under the TIM brand, has registered sales of EUR9.51 billion (USD11.12 billion) for the six months to 30 June 2018, down 2.7% year-on-year on a comparable basis. Comparable EBITDA for the first half of 2018 totalled EUR3.92 billion, down from EUR4.11 billion in H1 2017. Net profit attributable to shareholders totalled EUR554 million, or EUR618 million on a comparable basis.