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Telecom Italia revenues down 8% in Q1, confirms FY core profit forecast

2020-05-19 08:58:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) confirmed its full-year core profit guidance in spite of an 8.4 percent year-on-year decline in first-quarter revenues to EUR 3.96 billion, attributed to a sharp fall in domestic sales resulting from lower customer numbers in stores and reduced roaming traffic during the coronavirus lockdown. The company's EBITDA was down 7.5 percent year on year on organic terms to EUR 1.77 billion in the first 3 months of 2020 thanks to cost savings and a 1.6 percent rise in revenues at TIM Brasil that partially offset the lower domestic revenues.

Tags: italia core profit telecom


Coronavirus: 6,000 jobs at risk at Cafe Rouge and Bella Italia owner

2020-05-18 19:20:30| BBC News | Business | UK Edition

The chains' owner Casual Dining Group files intent to appoint administrators after the virus lockdown hit trading.

Tags: jobs owner risk italia


NurnbergMesse Italia cancels Craft Beer Italy

2020-03-30 17:25:00| Daily beverage news and comment - from just-drinks.com

Milan's Craft Beer Italy, a trade show due to be held in November, has been cancelled, organisers said today.

Tags: italy italia beer craft


Telecom Italia preparing to set up fixed line network newco with KKR - CEO

2020-03-12 09:15:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) is preparing to set up a newco called 'FiberCop' for its fibre and copper last-mile network and sell 40 percent of it to private equity firm KKR, according to CEO Luigi Gubitosi. Speaking after the publication of TIM's full-year results, Gubitosi said the company expects to make decisive progress this year on plans to provide Italy with a nationwide ultra-fast broadband network and confirmed that separate discussions are underway with KKR and wholesale rival Open Fiber, leaving the door open to a "possible convergence" at the end of the process.

Tags: set line network fixed


Telecom Italia revenues down 6.6% in Q4, misses profit target and launches 2020-22 business plan

2020-03-11 09:52:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) posted a 6.6 percent year-on-year decline in revenues to EUR 4.0 billion in the fourth quarter, with improved results at its TIM Brasil unit offset by a fall of EUR 291 million (-7.6% year on year) at its domestic unit. TIM's EBITDA for the quarter came to EUR 1.7 billion, down 1.6 percent compared to Q4 2018 on an organic basis, with a domestic decline of 12.8 percent largely offset by a strong performance in Brazil, where it's teaming up with Telefonica to bid for Brazilian operator Oi's mobile business.

Tags: business plan target italia


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