Telecom Italia: 2018 EBITDA down in organic terms
(CercleFinance.com) - Telecom Italia has posted normalised net income of 1.
4 billion euros for 2018, organic EBITDA of 8.1 billion euros and organic revenues of 19.2 billion euros, respectively down 3.4% and up 0.5% excluding non-recurrent items.
The Italian operator explains that its revenues have been supported by strong performance in Brazil and a stable domestic landline business. In mobile telephony, TIM has managed to maintain a customer base that is globally stable.
Telecom Italia also announces a three-year strategic plan, which forecasts a "low single-digit fall" in organic EBITDA for 2019, followed by a low single-digit rise in each of the next two years.
Copyright (c) 2019 CercleFinance.com. All rights reserved.