Friday, May 7, 2010

Telecom Italia Sales Shrink

Telecom Italia said that its organic revenues fell almost 5% in the first quarter of 2010 to 6.48 billion euros, dragged down by a 7% fall in domestic mobile  revenues and a 5% fall in domestic fixed-line revenues. TIM Brasil saw its revenues rise almost 4% on the back of a "significant growth in traffic volume." source: Telecom Italia presentation

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