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Telecom Italia service revenues down 5.7% in Q3 on wholesale losses and competition, cuts debt

2019-11-08 09:28:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) reported a 5.7 percent year-on-year decline in third quarter service revenues to EUR 4.06 billion compared to falls of 0.4 percent, 2.5 percent and 2.9 percent in the previous three quarters, attributed mainly to a significant reduction in international wholesale contracts, partly offset by a 3.0 percent year on year rise in revenues at its TIM Brasil unit. The group's EBITDA after leases was down 4.3 percent to EUR 1.9 billion in the three months ending September compared with the same period of last year, though the margin inched up 0.7 percentage points to 44.6 percent thanks to cost containment initiatives.

Tags: service italia competition debt


'Being a good guy boss left me 1.2m in debt'

2019-11-06 01:14:44| BBC News | Business | UK Edition

Murray Menzies is one of scores of small traders facing financial ruin over a pensions scheme.

Tags: in good left guy


Diamondback Energys Viper Prices Upsized $500 Million Debt Offering

2019-10-11 21:05:56| OGI

Viper Energy Partners, the acquisition machine of Diamondback Energy in the minerals space, had originally launched the offer for $400 million on notes on Oct. 7.

Tags: prices million offering debt


IFS: No-deal Brexit would push UK debt to 50-year high

2019-10-08 01:05:55| BBC News | Business | UK Edition

Government borrowing would reach its highest level in over half a century, a think tank warns.

Tags: high debt push ifs


Anheuser-Busch InBev takes bite out of debt pile after US$5bn share sale

2019-10-01 14:10:00| Daily beverage news and comment - from just-drinks.com

Anheuser-Busch InBev has paid down more than US$6m in debt days after a money-raising IPO in Hong Kong.

Tags: share sale takes debt


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