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Tag: telecom italia
Telecom Italia sales down 6.7% in Q4, accelerates spending
2016-02-16 08:34:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported a 6.7 percent year-on-year fall in fourth-quarter revenues to EUR 4.84 billion in organic terms, hurt by the effects of the macroeconomic situation in Brazil and wholesale price revision in Italy. Domestic revenues came in at EUR 3.87 billion on an organic basis, down 2.6 percent year-on-year but a 0.7 percent improvement compared to Q3, while sales at its Brazil unit TIM Brasil plummeted 20.2 percent on an organic basis to EUR 940 million, impacted by lower handset sales and what the company described as challenging macro and regulatory environments. Group EBITDA fell 33.2 percent to EUR 1.39 billion, with the EBITDA margin dropping 11.3 percentage points to 28.7 percent at the end of Q4. The group said its net debt would fall to below 3 times EBITDA by the end of 2018. Full-year capex was up 18.5 percent to EUR 5.20 billion compared to EUR 4.98 billion in 2014, reaching 27.2 percent of revenues. Separately, the company also announced an investment of around EUR 12 billion on Italian broadband services as part of its new three-year business plan to 2018, around EUR 2 billion more than the previous plan.
Tags: sales
italia
spending
telecom
Telecom Italia unveils new TIM symbol, Rome HQ
2016-01-13 13:52:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has officially unveiled a new "modern and simple" TIM logo and announced a new Rome headquarters in a presentation attended by World Wide Web inventor Sir Tim Berners-Lee. The adoption of the TIM mobile brand across the operator's entire fixed, mobile and internet offer was first announced last year, with Telecom Italia CEO Marco Patuano emphasising at the official launch that the company had decided to create a unified brand that "combines the solidity and size of Telecom Italia with the innovative characteristics of TIM." In addition, Telecom Italia officially announced that it will be investing some EUR 400 million over the next two to three years to build a new headquarters in Rome's EUR (Esposizione Universale Roma) business district.
Tags: italia
tim
symbol
telecom
Telecom Italia SpA (TI) Downgraded by Zacks Investment Research to Sell
2016-01-11 04:57:10| Telecom - Topix.net
According to Zacks, "The Telecom Italia Group is engaged principally in the communication sector that operates mainly in Europe, the Mediterranean Basin and South America. This includes telephone and data services on fixed lines , the development of fiber optic networks for wholesale customers, BroadBand services, Internet services, domestic and international mobile telecommunications , and the television sector using both analog and digital terrestrial technology.
Telecom Italia SpA (TI) Rating Lowered to Sell at Zacks Investment Research
2016-01-11 04:57:09| Telecom - Topix.net
According to Zacks, "The Telecom Italia Group is engaged principally in the communication sector that operates mainly in Europe, the Mediterranean Basin and South America. This includes telephone and data services on fixed lines , the development of fiber optic networks for wholesale customers, BroadBand services, Internet services, domestic and international mobile telecommunications , and the television sector using both analog and digital terrestrial technology.
Tags: research
rating
sell
italia
Telecom Italia, Oi negotiating TIM deal - report
2016-01-08 08:40:00| Telecompaper Headlines
(Telecompaper) Brazilian operator Oi and Telecom Italia have begun talks over a possible merger of Oi and TIM Brasil, according to unnamed sources cited by Reuters. The companies are looking to take advantage of an expected easing of Brazilian regulatory rules governing such a merger, said the sources, adding that the board of Telecom Italia is negotiating directly with Oi CEO Bayard Gontijo. Although talks could establish the basis for a final proposal to combine Oi and Telecom Italia-controlled TIM, the value of a potential deal hasn't yet been discussed, added the report.
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