Telecom Italia (TIM) has revealed the main achievements in its business in Italy and Brazil during the second quarter of 2019.
TIM reported revenue of 8.994 billion euros (–4.4 percent) during the first half and 4.523 billion euros (–3.9 percent) in the second quarter.
TIM generated revenue of 7.069 billion euros (–4.8 percent) from Italy and 1.946 billion euros (–2.7 percent) from Brazil during the first half.
TIM’s fixed-line consumer ARPU rose 8.3 percent and broadband ARPU grew 17.2 percent. The number of fibre customers – retail and wholesale – rose 45 percent year on year and 5.6 percent compared to the first quarter 2019 – to 6.3 million.
The number of TIM mobile connections reached 31.7 million (+0.1 percent year on year) at the end of June. The mobile customer churn rate fell by 1.7pp year on year and 0.9pp quarter on quarter.
The TIM Group headcount at 30 June 2019 was 57,316, including 47,665 in Italy (57,901 at 31 December 2018, including 48,005 in Italy).
The first half Capex reached 2.6 billion euros, up 21 percent. Network related investments in Brazil and Italy in Q2 2019 were 874 million euros (–6.0 percent). TIM’s Capex in Italy fell 6.5 percent to 659 million euros.
TIM’s Capex in Italy during the first half reached 1,114 million euros as compared with 1,212 million euros in the first half of 2018.
TIM’s Brazil Capex in the first half of 2019 reached 367 million euros as against 385 million euros in H1 2018. Capital expenditures in Brazil were targeted primarily at strengthening mobile ultra-broadband network infrastructure and developing the fixed broadband business of TIM Live.
TIM’s 4G coverage reached about 99 percent of the Italian population and its fibre coverage extends to 80 percent of the population. The company is committed to providing universal coverage in Italy by developing its fibre, 5G (national coverage by 2025) and Fixed Wireless Access networks.