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Telecom Italia sales fall 11.9% in Q1, eyes gradual recovery
2014-05-13 09:44:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported an 11.9 percent year-on-year fall in first-quarter revenues to EUR 5.19 billion, hurt by negative exchange rate effects in Brazil and a weaker domestic market. EBITDA declined 8.4 percent to EUR 2.20 billion, and EBITDA margin increased to 42.4 percent from 40.8 percent a year ago. Net profit dropped to EUR 222 million from EUR 364 million in the year-earlier period. Adjusted net debt came in at EUR 27.53 billion, slightly down on the figure of EUR 28.77 billion reported on 31 March 2013 but EUR 722 million higher than the EUR 26.81 billion reported in the previous quarter. Telecom Italia said the results were in line with its plans and confirmed expectations of a gradual recovery. "As a whole we are in line with our plans and targets, which see a progressive acceleration in year-on-year recovery," said CEO Marco Patuano. In his first 6 months as CEO, Patuano has sold Telecom Italia's Argentine unit, scrapped a dividend and announced the sale of wireless towers in Italy and Brazil. Last month he teamed up with Sky Italia on an IP-based TV service to attract broadband subscriptions. "The content agreement with Sky will allow us to immediately make premium offers available to our customers, starting with the broadcast of the FIFA World Cup on mobile devices," said Patuano.
Telecom Italia Q1 profit slides on domestic weakness
2014-05-13 02:00:00| Total Telecom industry news
Revenue slumps 11.9% as customers in Italy sign up to bundled services.
Tags: italia
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domestic
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Telecom Italia rebrands Cubovision as TIMVision
2014-05-12 15:32:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has rebranded its Cubovision IPTV service, changing its name to TIMVision, enriching the content and lowering subscription costs. The new service is already available on smartphones and tablets and will shortly be launched on smart TVs and PCs. The content, which already offers over 5,000 titles, has been enriched with the addition of feature films, sporting events and serials, including the new series of Mad Men from 13 May. TIMVision will also become part of TIM's new 4G portfolio, said the operator. In addition, thanks to Telecom Italia's distribution agreement with Sky Italia, TIMVision will include a full range of Sky-branded sporting content, including the forthcoming Fifa World Cup. Telecom Italia confirmed that the rebranding exercise applied to TIMVision will shortly be extended to all its other digital platforms devoted to music, books and games.
Tags: italia
telecom
telecom italia
rebrands
BSkyB starts talks to buy Sky Italia, Deutschland
2014-05-12 08:46:00| Telecompaper Headlines
(Telecompaper) UK pay-TV operator BSkyB is considering expanding to Europe with the acquisition of 21st Century Fox's interests in Sky Deutschland and Sky Italia. Following a report by Bloomberg on the deal, BSkyB issued a statement and said it started preliminary discussions with 21st Century Fox to evaluate the potential acquisition of its pay-TV assets in Germany and Italy. BSkyB said that "at the right value, this combination would have the potential to create a world-class multinational pay TV group". The talks have not yet moved beyond the early stage, and no details of the potential deal were disclosed. Sky Deutschland has 3.73 million subscribers and part of its shares are listed on the stock market. Sky Italia is 100 percent owned by Fox and has 4.75 million subscribers. BSkyB noted that all decisions on the potential transaction are being considered by a committee of its independent directors, with those affiliated with Fox not involved.
Tags: buy
deutschland
italia
starts
Sky Italia subscribers down 10,000 in 1Q 2014
2014-05-07 22:30:12| Digital TV News
Twenty-First Century Fox (NASDAQ: FOXA, FOX) has reported results for the three months ending March 31, 2014. SKY Italias subscriber base was essentially unchanged at 4.75 million.
Tags: italia
sky
subscribers
sky italia
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