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Telecom Italia sales down 4.5% in Q3, reorganises wholesale

2015-11-06 08:30:00| Telecompaper Headlines

(Telecompaper) Telecom Italia reported a 4.5 percent year-on-year fall in third-quarter revenues to EUR 5.4 billion, hurt by the macroeconomic situation in Brazil unit and competition in its domestic market. In the nine months to 30 September, revenues were down 6.9 percent to EUR 14.9 billion, or -3.9 percent on organic terms. EBITDA fell to EUR 5.6 billion, around 14.8 percent less than the first nine months of 2014, while net profit attributable to shareholders plummeted to EUR 362 million, compared to EUR 985 million in the year-earlier period, due above all to one-time charges and the negative impact of the company's bond buyback transactions. Domestically, the situation was rosier, with the third quarter confirming the trend of improving revenues, particularly in mobile, which recorded an increase of 1.5 percent on the third quarter of 2014. Overall third-quarter domestic revenues came in at EUR 3.8 billion, down 1.4 percent on the previous year's results. The company also announced that its board of directors had approved the plan to introduce a new equivalence model, aimed at further strengthening the efficiency and effectiveness of the delivery (activation) and assurance (support) processes in the supply of wholesale services for access to the Telecom Italia fixed network.

Tags: sales italia wholesale telecom

Telecom Italia share conversion to dilute Vivendi, Niel stakes

2015-11-06 01:00:00| Total Telecom industry news

Italian incumbent posts small revenue, earnings declines in first nine months, but CEO upbeat on progress.

Tags: share italia conversion telecom

Niel denies collusion with Vivendi in Telecom Italia buy

2015-11-04 01:00:00| Total Telecom industry news

In response to questions from Consob, NJJ Holding insists it is not acting in concert with other parties.

Tags: buy italia telecom denies

No Telecom Italia partnership talks underway Vivendi CEO

2015-11-03 09:12:00| Telecompaper Headlines

(Telecompaper) Vivendi will not be making an offer to take over Telecom Italia either on its own or with any other potential partner, according to the French media group's CEO Arnaud de Puyfontaine. "Since we increased our stake, there has been a lot of speculation of Vivendi playing on behalf of Orange...but it has never been on the agenda. There has not been any discussion between Vivendi and Orange," de Puyfontaine told the Financial Times. The Vivendi CEO was responding to French press reports suggesting that his company, currently Telecom Italia's largest shareholder with a 20.03 percent stake, had held talks with other investors, including Orange and Egyptian telecoms billionaire Naguib Sawiris over the Italian operator's future. Last week French entrepreneur Xavier Niel, founder of internet provider Iliad, increased his holding in Telecom Italia via options that could give him a stake of more than 15 percent in Telecom Italia. "The situation both for Niel and for Naguib Sawiris is the same answer: there has not been a discussion with them about Telecom Italia," said de Puyfontaine.

Tags: italia partnership ceo telecom