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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

 

Telecom Italia signs strategic partnership with Google Cloud

2019-11-08 01:00:00| Total Telecom industry news

Telecom Italia (TIM) has signed a strategic agreement with Google Cloud, allowing the Italian telco to become a key player in the cloud and edge computing market. Through the partnership, TIM will expand its portfolio of products and services offered in Italy through a unique offering of Public…read more on TotalTele.com »

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Rossi appointed new Telecom Italia chairman

2019-10-22 08:53:00| Telecompaper Headlines

(Telecompaper) The board of directors of Telecom Italia (TIM) has announced the appointment of former Bank of Italy senior deputy governor Salvatore Rossi as the company's new chairman, confirming recent reports. Rossi served as the Bank of Italy's no. 2 until May 2019 and has also headed Italy's Insurance Supervisory Authority (IVASS). He was appointed unanimously after the board ascertained that he met the independence requirements and confirmed his status as an independent director in light of the powers and role assigned to him.

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Telecom Italia names its third new chairman in a month

2019-10-22 02:00:00| Total Telecom industry news

Telecom Italia has announced that former Bank of Italy Governor, Salvatore Rossi, will become the company's new chairman with immediate effect. Salvatore will replace Fluvio Conti…read more on TotalTele.com »

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Telecom Italia names new chairman to steady the ship

2019-10-22 02:00:00| Total Telecom industry news

Telecom Italia has announced that former Bank of Italy Governor, Salvatore Rossi, will become the company's new chairman with immediate effect. Salvatore will replace Fluvio Conti…read more on TotalTele.com »

Tags: names italia ship chairman

 

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