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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.
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 »
Telecom Italia revenues down 1.6% in Q1 on Brazil decline, regulatory fines
2018-05-17 08:36:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported a 1.6 percent year-on-year decline in revenues to EUR 4.74 billion in the first quarter, hit by falling sales at its TIM Brasil unit and provisions made for a domestic fine of EUR 74.3 million imposed on the phone group after the Italian government activated the so-called "golden power" rule last October to scale back Vivendi's influence. The company's EBITDA for the quarter fell 4.9 percent year on year to EUR 1.89 billion with a margin of 39.9 percent, down 1.4 percentage points year on year. On an organic basis, excluding exchange rate effects and non-recurring components, revenues were up 2.7 percent in the first three months of the year, with EBITDA rising 1.8 percent, boosted by a 1.7 percent rise in domestic sales. The group's adjusted net debt came to EUR 25.54 billion at the end of Q1, some EUR 229 million higher than the Q4 result, with capex falling to EUR 660 million from EUR 831 million in Q1 2017.
Tags: italia
brazil
regulatory
telecom
Telecom Italia agrees to network spin-off, posts Q4 sales up 2.8% to EUR 5.1 bln
2018-03-07 08:37:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) announced that its board of directors approved a plan to voluntarily separate its fixed access network, creating a legal entity (Netco) that's 100 percent controlled by the company. TIM said it will continue to own the access network (from the exchange up to customers' homes) and all the corresponding infrastructure (buildings, electronic equipment and IT systems), with the unit staffed appropriately to provide wholesale services independently.
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