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Telecom Italia revenues down 3% in Q1, fibre clients soar to 6 mln

2019-05-21 08:55:00| Telecompaper Headlines

(Telecompaper) Telecom Italia reported a 2.9 percent year-on-year decline in revenues to EUR 4.47 billion in the first quarter of 2019, hit by increased domestic competition and the decision to close low-zero margin wholesale contracts at its international services arm Sparkle. The company's EBITDA for the quarter likewise fell, by 2.1 percent year on year on organic terms, to EUR 1.79 billion. However, the company said EBITDA was essentially flat on comparable terms and a substantial improvement on the 9.9 percent slump posted in the final quarter of 2018 thanks in part to a 1.7 percent rise in revenues at its TIM Brasil unit, coupled with cost reduction and a 6.5 percent decline in capital expenditure due to increased efficiency.

Tags: to italia clients telecom

Telecom Italia appoints new chairman for Sparkle

2019-05-14 02:00:00| Total Telecom industry news

Telecom Italia has announced that Alessandro Pansa will join the board of its subsea subsidiary, Sparkle, taking up the reins as company chairman. Thanks to his extensive industry experience, Pansa will also serve as Telecom Italia's strategic advisor for cyber security…read more on TotalTele.com »

Tags: italia chairman telecom sparkle

Telecom Italia back Gubitosi ahead of boardroom showdown

2019-03-15 01:00:00| Total Telecom industry news

The board of Italy's incumbent telecoms operator, Telecoms Italia (TIM), has thrown its weight behind current CEO, Luigi Gubitosi, ahead of a boardroom showdown scheduled for later this month. The TIM boardroom is split between directors representing the company's largest shareholder…read more on TotalTele.com »

Tags: back italia ahead telecom