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Telecom Italia 9-mth revenues down 3%, won't meet FY debt target

2018-11-09 08:35:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) reported consolidated revenues of EUR 14.2 billion in the 9 months to 30 September, up 1.1 percent year-on-year on an organic basis but down 3.1 percent on a comparable basis, hurt by regulatory impacts including a return to monthly billing in Italy, a weakening of the exchange rate in Brazil and an adverse competitive impact at home. The company said comparable earnings before interest, tax, depreciation and amortization (EBITDA) in the first nine months fell 2.9 percent to EUR 6.03 billion (up 0.4% organically), while adjusted net financial debt stood at EUR 25.19 billion at the end of September. As a result of these factors and a possible domestic fine of EUR 74.3 million imposed on the phone group after the Italian government activated the so-called "golden power" rule, TIM announced that it is no longer able to reaffirm its net debt to core earnings target for the end of the year.

Tags: meet target italia debt

Telecom Italia revenues down 2.7% in H1, starts evaluating asset sales

2018-07-25 08:25:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) reported a 2.7 percent year-on-year decline in first-half revenues to EUR 9.51 billion on a comparable basis, hit by the devaluation of the Brazilian real at its TIM Brasil unit, a recent jobs deal, the return to monthly billing in Italy and other regulatory impacts. The company's earnings before interest, tax, depreciation and amortisation (EBITDA) was EUR 3.92 billion in the first six months, down 4.8 percent compared to the year-earlier result of EUR 4.11 billion, while the margin was down 0.9 of a percentage point to 41.2 percent. TIM added that organic EBITDA net of non-recurring components and other one-offs totalled EUR 4.04 billion, some EUR 2 million higher than a year earlier, while capital expenditure fell EUR 381 million to EUR 1.68 billion on a comparable basis.

Tags: sales italia starts asset

Telecom Italia to sell off non-core assets to raise funds for 5G

2018-07-25 02:00:00| Total Telecom industry news

Telecom Italia is to continue selling off its non-core assets as it looks to raise funds to be reinvested at Italy's forthcoming 5G auction. In a statement accompanying is quarterly financial report…read more on TotalTele.com »

Tags: sell italia funds raise

ZTE Italia ready for business following lifting of banning order

2018-07-19 02:00:00| Total Telecom industry news

ZTE's Italian subsidiary, ZTE Italia, is forging ahead with a host of research and development initiatives in country, following the removal of its parent company from the US banning list…read more on TotalTele.com »

Tags: business order ready italia