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Telecom Italia reports growth in second quarter earnings
['Vlad Schepkov', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Investing.com -- Telecom Italia posted second-quarter core earnings on Wednesday that matched analyst expectations, with growth in its Brazilian unit and enterprise division alongside a return to growth in its domestic market.
Fixed ARPU increased 2% to €33.0 per month in the second quarter.
TIM Enterprise posted total revenues of €1.7 billion, up 5.6% year-on-year, with cloud business driving growth.
TIM Brasil reported total revenues of €2.3 billion, up 6% year-on-year, with EBITDA after lease at €0.9 billion, up 5.5%.
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