In the second quarter, Tim’s total revenues reached 4 billion (+2.8%), revenues from services 3.7 billion (+1.8%) and Ebitda 1.6 billion (+5.6 %). The loss of 124 million is halved (from a loss of 279 million in the same period of 2022). In Italy, revenues recorded the first growth after 20 quarters (+0.6%) to 2.9 billion, revenues from services amounted to 2.6 billion and are stabilising, with a year-on-year difference of – 0.9% (-2.4% in the first quarter of 2023). Revenues from fixed services are stable (+0.2%). After 21 quarters, the EBITDA trend has stabilised: +0.5% to 1.1 billion. The delayering (focusing) plan for the sale of NetCo is proceeding according to the established programmes: following the decision of Tim’s board of directors on June 22nd to start exclusive negotiation with Kkr, all the necessary activities are underway to reach the receipt of a final binding offer no later than next 30 September.
2023-08-02 18:03:35
#Tim #returns #grow #Italy #years
