The company’s Brazil unit posted revenue of 1.9 billion
euros, representing 17.1 percent Y-o-Y growth. Argentina operations posted
revenue of 901 million euros, representing 19.7 percent Y-o-Y growth.
Earnings before interest, taxes, depreciation and
amortization advanced 1.2 percent to 2.96 billion euros. The company reiterated
a February forecast of essentially unchanged” revenue and Ebitda this year.
Adjusted net debt fell to 30.3 billion euros at the end
of March from 30.4 billion euros at the end of last year. The company repeated
a forecast that adjusted net debt will fall to about 27.5 billion euros at the
end of this year.
Recently, Telecom Italia said that its board planned to
examine strategic options” in relation to its stake in television
business Telecom Italia Media SpA. (TME) The company also said it’s
beginning the process to sell its media business to focus on core activities.
Telecom Italia controls 77.7 percent of its TV arm, which
owns the La7 channel and controls MTV Italia. The business also has
broadcasting infrastructure assets.
Despite the complex economic context, the domestic
market reported significant signs of recovery in revenue trends in the first
quarter, sustaining margins of around 50 percent. The excellent performance
of Latin America continues,” said Franco Bernabe, Executive Chairman.
Telecom Italia starts public trials of new LTE 4G technology in
Turin
During the quarter, Telecom Italia announced that it is
launching public trials of new services based on LTE 4G technology in Turin,
Italy.
The company said that Turin people will be able to use
its ultra-broadband services by using the next-generation mobile network at
connection speeds of up to 100 Megabits per second.
