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Telecom Italia revenues down 2.5% in Q4, launches new 3-year business plan

2019-02-22 09:14:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) posted a 2.5 percent year-on-year fall in organic revenues to EUR 4.8 billion in the fourth quarter, with continuing recovery at its TIM Brasil unit offset by a drop of EUR 168 million (-4.2% year on year) at its domestic unit. TIM's EBITDA for the quarter amounted to EUR 2.0 billion, down 3.4 percent compared to Q4 2017 on an organic basis, with a domestic fall of 13.2 percent offset by a strong performance in Brazil. Full-year group revenues were up 0.5 percent year on year to EUR 19.2 billion on an organic basis, with 12-month EBITDA falling 3.4 percent to EUR 8.1 billion, while group capex was down 14.9 percent to EUR 4.2 billion.

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