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Telecom Italia revenues down 2.5% in Q4, launches new 3-year business plan
2019-02-22 09:14:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) posted a 2.5 percent year-on-year fall in organic revenues to EUR 4.8 billion in the fourth quarter, with continuing recovery at its TIM Brasil unit offset by a drop of EUR 168 million (-4.2% year on year) at its domestic unit. TIM's EBITDA for the quarter amounted to EUR 2.0 billion, down 3.4 percent compared to Q4 2017 on an organic basis, with a domestic fall of 13.2 percent offset by a strong performance in Brazil. Full-year group revenues were up 0.5 percent year on year to EUR 19.2 billion on an organic basis, with 12-month EBITDA falling 3.4 percent to EUR 8.1 billion, while group capex was down 14.9 percent to EUR 4.2 billion.
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Italian state lender set to increase Telecom Italia stake to 10%
2019-02-15 01:00:00| Total Telecom industry news
Italy's state lending fund, Cassa Depositi e Prestiti, could be set to increase its stake in Telecom Italia (TIM) to up to 10 per cent, according to a report by Reuters. CDP's board cleared the way for the Italian lender to increase its stake in TIM to a maximum holding of 10 per cent within the next 12 months…read more on TotalTele.com »
Telecom Italia and Qualcomm complete Europe's first 5G NR video call
2018-12-13 01:00:00| Total Telecom industry news
Telecom Italia (TIM) and Qualcomm have completed the first ever 5G New Radio video call using millimetre wave spectrum, according to a joint company statement. The demonstration took place at the inauguration of TIM's new 5G Innovation Hub…read more on TotalTele.com »
Telecom Italia adds Amazon Prime Video to TIM Box decoder
2018-12-04 14:00:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) has announced an agreement with Amazon to offer the e-commerce giant's Prime Video catalogue of movies and TV series via the TIM Box decoder. Under the terms of the deal Prime Video will be available to all TIMvision customers already subscribed to Amazon Prime, who will be able to search for Prime Original productions using the decoder's "search and recommendations" options.
Telecom Italia CEO Genish ousted by board, chairman takes over
2018-11-13 11:32:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) has announced that its chief executive Amos Genish has been relieved of his powers following a majority vote of its board of directors. The company's chairman Fulvio Conti will take over on an interim basis and has been granted a mandate to "resolve further obligations in relation to the existing working relationship with Genish". A further board meeting has been called for 18 November to appoint a new CEO, said TIM in a short statement that provided no explanation for Genish's departure other than thanking him for the work done "in 14 months of intense activity".
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