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Telecom Italia to invest EUR 14 bln by 2017 in Italy, Brazil

2015-02-20 14:06:00| Telecompaper Headlines

(Telecompaper) Telecom Italia has unveiled the details of a three-year business plan for 2015-2017 that envisages total investments of around EUR 10 billion in Italy and over EUR 4 billion in Brazil. The investment earmarked for the operator's domestic market includes around EUR 5 billion for what it describes as innovative developments (NGN, LTE, cloud computing, data centres, transformation activities and TI Sparkle, the company's international operator). One of the main objectives of the plan is to expand fibre-optic coverage to reach 75 percent of the Italian population by 2017 at a cost of EUR 2.9 billion. In addition, the operator will allocate EUR 900 million to accelerate 4G deployment to reach over 95 percent of the country's population over the next three years. In Brazil, total investments over the 2015-17 period will be increased to BRL 14 billion (over EUR 4 billion), allowing the company's local unit, TIM Brasil, to expand 4G coverage to over 15,000 localities, and 3G coverage to over 14,000 localities within the next three years.

Tags: eur italy italia brazil

Telecom Italia FY sales down 7.8%, improves net debt

2015-02-20 08:49:00| Telecompaper Headlines

(Telecompaper) Telecom Italia reported full-year revenues down 7.8 percent to EUR 21.57 billion, a slight improvement on the previous year's fall of 9.1 percent. In a statement setting out its preliminary results, the company said its EBITDA for the year fell 7.9 percent to EUR 8.79 billion, while the EBITDA margin remained stable at 40.7 percent (40.8 percent in 2013). Net debt was reduced by EUR 156 million to EUR 26.65 billion, including the impact of EUR 0.9 billion for spectrum acquisition in Brazil and Argentina. Capex increased by EUR 584 million to EUR 4.98 billion, including the purchase of frequencies in the 700 MHz band in Brazil. Telecom Italia said the recovery of revenue performance in Italy continued thanks to improvements in its fixed and mobile businesses. Full-year sales fell 6.6 percent to EUR 15.30 billion, compared to a 9.6 percent decline the previous year. EBITDA dropped to EUR 6.99 billion compared to the previous year's EUR 7.74 billion, while capex came in at EUR 2.78 billion compared to EUR 3.03 billion in 2013. Telecom Italia's mobile unit TIM reported service revenues of EUR 5.09 billion for the year, down 8.7 percent from the previous year's result of EUR 5.58 billion. Wireline revenues dropped 6.7 percent to EUR 10.99 billion compared to EUR 11.79 billion in 2013.

Tags: net sales italia debt

Telecom Italia to buy out TI Media for EUR 25 mln

2015-02-20 08:31:00| Telecompaper Headlines

(Telecompaper) Telecom Italia has announced a full takeover of its media division, Telecom Italia Media, which has been a publicly traded company for over a decade. The buyout of TI Media, already 78 percent owned by the phone company, will cost around EUR 25 million. In a joint statement, the two companies said Telecom Italia will offer 0.66 ordinary shares and 0.47 saving shares for each share of the same category in Telecom Italia Media. Investors in the media division can exercise a withdrawal right and receive cash at market prices. The companies said they expected Telecom Italia Media to be merged into Telecom Italia by the end of the third quarter. Simplification of the group's corporate structure and reduction of expenses were given as the main reasons for the buyout.

Tags: media buy eur italia