Telecom Italia reported a 3.7% year-on-year increase in organic revenues in the third quarter of 2011 to 7.52 billion euros, lifted by strong growth in Brazil and Argentina. Although revenues fell 3.8% in Italy, the decline was less than the previous quarter.
Telecom Italia said that almost 20% of its customers in Brazil now have smartphones, fuelling fast growth in mobile data revenues. source: Telecom Italia presentation
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