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Tag: telecom italia
Telecom Italia -4% as Nomura downgrades to Reduce
2015-09-14 20:23:35| Telecom - Topix.net
The firm cut the rating on TI's ordinary shares, setting a price target of 0.99. Shares had closed at 1.09 in Milan on Friday and fell 3.4% today to 1.05.
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reduce
italia
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Vivendi increases Telecom Italia stake
2015-09-10 02:00:00| Total Telecom industry news
French firm now holds 15.5% of Italian telecoms incumbent.
Tags: italia
increases
telecom
stake
Telecom Italia ups job losses to 3,000
2015-09-08 02:00:00| Total Telecom industry news
Italian operator brokers deal with unions; details 1,300 new redundancies linked to caring services spin-off.
Telecom Italia stake gives Vivendi southern focus
2015-09-07 12:37:41| Telecom - Topix.net
Vivendi SA's investment in Telecom Italia SpA is the French company's first step in building a media group with a distinct focus in southern Europe, according to its chief executive officer, who doesn't rule out further boosting its stake in Italy's largest telecommunications provider. The owner of broadcaster Canal Plus and Universal Music Group fully supports Telecom Italia's management and its strategy, including the rollout of an ultra-fast broadband network that could help Vivendi distribute content, Arnaud De Puyfontaine said in an interview with Bloomberg Television in Cernobbio, Italy.
Tags: focus
italia
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Telecom Italia net profit down sharply in H1 to EUR 29 mln
2015-08-07 08:40:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported a sharp fall in first-half net profit, to EUR 29 million from EUR 543 million a year earlier. The company was hurt by a range of one-time charges for restructuring, legal settlements and financial transactions. Telecom Italia said that without these one-times, profit would have reached EUR 650 million. The group's revenues were also down 4.3 percent from a year earlier to EUR 10.097 billion, with a 2.1 percent fall in Italy and 10.7 percent drop in Brazil. On an organic basis, excluding currency effects and changes in scope, revenues fell 3.3 percent. EBITDA dropped to EUR 3.633 billion from EUR 4.345 billion a year ago, and the margin fell to 36.0 percent from 41.2. Excluding the EUR 399 million in one-time charges, EBITDA was down just 5.0 percent, with a margin at 39.9 percent. Operating cash flow declined to EUR 701 million from EUR 1.044 billion, hurt by the cost of renewing the GSM licence in Italy and investments in new services. Adjusted net financial debt reached EUR 26.992 billion at the end of June, up by EUR 341 million from the end of 2014, as income from the Inwit IPO and towers sales was offset by higher costs for real estate and towers leases.
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