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Tag: italia
Telecom Italia revenue growth slows to 1.3% in Q3, EBITDA lower
2017-11-10 10:40:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) reported a 1.3 percent year-on-year rise in revenues to EUR 4.91 billion in the third quarter, up from EUR 4.84 billion a year earlier, fuelled by continuous high demand for high-speed mobile and fixed services and the ongoing recovery at its TIM Brasil unit. However, the results were slightly below expectations in view of annual revenue rises of 6.4 percent and 8.5 percent in the previous two quarters. In September, Vivendi's chief convergence officer Amos Genish replaced Flavio Cattaneo as CEO in a further sign of the French media giant's influence over the company.
Tags: lower
growth
italia
revenue
Telecom Italia appoints general manager Genish as new CEO
2017-09-29 08:38:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) has appointed Amos Genish as its new Chief Executive Officer two months after he was named general manager for operations. A former Israeli army captain, Genish previously headed Vivo, the Brazilian unit of Spain's Telefonica, a position he took following the merger of Vivo and broadband operator GVT, before being named Vivendi's chief convergence officer. The appointment is seen as a further sign of the French media giant's influence over TIM, where it's the leading shareholder via a 24 percent stake and two-thirds of the company's board. The board also announced that TIM's current deputy chairman Giuseppe Recchi will have organisational responsibility for the operator's Security Department, responsible, including key assets such as international operator Sparkle and ICT subsidiary Telsy.
Tags: general
manager
italia
ceo
Vivendi denies having 'de facto control' of Telecom Italia
2017-08-08 08:30:00| Telecompaper Headlines
(Telecompaper) French media giant Vivendi has announced that it has yet to exercise de facto control over Telecom Italia (TIM) even though it has become the operator's leading shareholder with a stake of around 24 percent and named two of its executives as leading directors.
Tags: control
italia
telecom
facto
Vivendi denies wielding control over Telecom Italia
2017-08-08 02:00:00| Total Telecom industry news
Vivendi has denied exercising de facto control over Telecom Italia, after market watchdog Consob asked it to clarify its position in the operator. Under Italy's Civil Code, exercising, on a stable basis, a dominant influence at shareholder meetings is evidence of de facto control…read more on TotalTele.com »
Tags: control
italia
telecom
denies
Telecom Italia sales up 6% in Q2, de Puyfontaine named interim CEO
2017-07-28 08:01:00| Telecompaper Headlines
(Telecompaper) The company added that on an organic basis, excluding exchange rate effects, its revenues rose 3.7 percent in the April to June period, an improvement on rises of 2.6 percent and 0.8 percent in the previous two quarters. The company's consolidated EBITDA for the quarter was up 5.5 percent on like for like terms to EUR 2.1 billion, attributed in part to the cost recovery plan launched a year earlier in Italy and in the third quarter of 2016 at its TIM Brasil unit. The group's adjusted net debt came to EUR 25.1 billion at the end of Q2, some EUR 131 million less than at the end of March.
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