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TI.A - Telecom Italia SpA News Story

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Last Trade - 05/07/19

Large Cap
Market Cap £9.42bn
Enterprise Value £33.60bn
Revenue £13.43bn
Position in Universe th / 6938

Italy's INWIT Q1 core profits rise on connectivity demand

Thu 13th May, 2021 1:58pm
MILAN, May 13 (Reuters) - Italian mobile tower company INWIT
 INWT.MI  on Thursday posted a 3.5% rise in first-quarter core
profits on a like-for-like basis, helped by demand for
connectivity services.
    INWIT said its earnings before interest, tax, depreciation
and amortization (EBITDA) rose to 173 million euros in the three
months ending March, compared with an analyst consensus provided
by the company of 174 million euros. 
    Jointly-controlled by Italy's largest phone group Telecom
Italia (TIM) and British mobile operator Vodafone  VOD.L , INWIT
said its revenue rose by 3.4% on an annual basis to 190.2
million euros, slightly below expectations of 191 million euros.

 (Reporting by Elvira Pollina, editing by Maria Pia Quaglia)
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