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Telecom Italia sales up 6% in Q2, de Puyfontaine named interim CEO
2017-07-28 08:01:00| Telecompaper Headlines
(Telecompaper) The company added that on an organic basis, excluding exchange rate effects, its revenues rose 3.7 percent in the April to June period, an improvement on rises of 2.6 percent and 0.8 percent in the previous two quarters. The company's consolidated EBITDA for the quarter was up 5.5 percent on like for like terms to EUR 2.1 billion, attributed in part to the cost recovery plan launched a year earlier in Italy and in the third quarter of 2016 at its TIM Brasil unit. The group's adjusted net debt came to EUR 25.1 billion at the end of Q2, some EUR 131 million less than at the end of March.
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Category:Telecommunications