Telecom Italia (TI) has reported consolidated revenues of EUR5.188 billion (USD7.139 billion) for the three months ended 31 March 2014, down 6.2% from the EUR5.889 billion booked in 1Q13. Of the total, EUR3.728 billion was derived from TI’s domestic interests, down 8.3% year-on-year. Elsewhere, revenues generated by the group’s Brazilian asset TIM Participacoes (TIM Brasil) decreased 0.2% to EUR1.451 billion. Meanwhile, EBITDA for Q1 2014 was EUR2.200 billion, down 5.7% y-o-y from EUR2.402 billion. TI posted a net profit of EUR222 million for the quarter under review, down 39% compared to EUR364 million in the year-ago period. CAPEX amounted to EUR684 million for January-March, down EUR82 million compared with 1Q13. The telco notes that its results were negatively affected by ‘a number of regulatory dynamics and aspects, particularly regarding the prices of wholesale services’.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to email@example.com.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors