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TIM Q3 revenues boosted by Brazil

10 Nov 2022

Telecom Italia Group (TIM Group) has reported revenues of EUR3.97 billion (USD3.99 billion) for the three months to 30 September 2022, up 1.1% on an organic basis. While domestic sales dropped 5.3% to EUR2.92 billion, turnover in Brazil jumped 24.4% to EUR1.06 billion thanks to the integration of assets formerly owned by Oi. Group EBITDA fell 6.5% on an organic basis to EUR1.59 billion, while net income fell from a profit of EUR139 million in Q3 2021 to a loss of EUR2.25 billion in Q3 2022 due to a write-off of deferred tax assets.

Brazil, Italy, Telecom Italia Group (TIM Group)

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