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Telecom Italia FY sales down 7.8%, improves net debt
2015-02-20 08:49:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported full-year revenues down 7.8 percent to EUR 21.57 billion, a slight improvement on the previous year's fall of 9.1 percent. In a statement setting out its preliminary results, the company said its EBITDA for the year fell 7.9 percent to EUR 8.79 billion, while the EBITDA margin remained stable at 40.7 percent (40.8 percent in 2013). Net debt was reduced by EUR 156 million to EUR 26.65 billion, including the impact of EUR 0.9 billion for spectrum acquisition in Brazil and Argentina. Capex increased by EUR 584 million to EUR 4.98 billion, including the purchase of frequencies in the 700 MHz band in Brazil. Telecom Italia said the recovery of revenue performance in Italy continued thanks to improvements in its fixed and mobile businesses. Full-year sales fell 6.6 percent to EUR 15.30 billion, compared to a 9.6 percent decline the previous year. EBITDA dropped to EUR 6.99 billion compared to the previous year's EUR 7.74 billion, while capex came in at EUR 2.78 billion compared to EUR 3.03 billion in 2013. Telecom Italia's mobile unit TIM reported service revenues of EUR 5.09 billion for the year, down 8.7 percent from the previous year's result of EUR 5.58 billion. Wireline revenues dropped 6.7 percent to EUR 10.99 billion compared to EUR 11.79 billion in 2013.
Telecom Italia to buy out TI Media for EUR 25 mln
2015-02-20 08:31:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has announced a full takeover of its media division, Telecom Italia Media, which has been a publicly traded company for over a decade. The buyout of TI Media, already 78 percent owned by the phone company, will cost around EUR 25 million. In a joint statement, the two companies said Telecom Italia will offer 0.66 ordinary shares and 0.47 saving shares for each share of the same category in Telecom Italia Media. Investors in the media division can exercise a withdrawal right and receive cash at market prices. The companies said they expected Telecom Italia Media to be merged into Telecom Italia by the end of the third quarter. Simplification of the group's corporate structure and reduction of expenses were given as the main reasons for the buyout.
Telecom Italia to buy out media business
2015-02-20 01:00:00| Total Telecom industry news
Telecom Italia Media posts significantly reduced net loss in 2014.
Tags: business
media
buy
italia
Telecom Italia hikes infrastructure capex
2015-02-20 01:00:00| Total Telecom industry news
Italian telco to spend more on fibre rollout, LTE in Italy and Brazil over next three years.
Tags: italia
infrastructure
telecom
hikes
Telecom approves merger with TI Media
2015-02-19 19:51:16| Telecom - Topix.net
Milan, February 19 - The Board of Directors of Telecom Italia said Thursday it had approved a merger with Telecom Italia Media , its subsidiary commercial television network. The deal involves an exchange of ordinary shares at a rate of 0.66 Telecom shares for each TI Media share.
Tags: media
telecom
merger
approves
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