Telecom Italia said that its revenues fell almost 6% year-on-year on a like-for-like basis in the third quarter to 6.76 billion euros, as revenues in Italy declined almost 7%.
In the Italian mobile business, revenues fell more than 8% in the first nine months of 2009. The company blamed "a reduction in the number of handsets sold, shrinking sales of traditional value-added services (text messages) and content, as well as changing trends in regulated interconnection rates."
However, the company said its revenues in Brasil grew 1% in the first nine months as "revenues from products increased by 21.7%" and revenues from value-added services grew by 21.3%. source: Telecom Italia statement
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