Telecom Italia reported a 6.7% year-on-year decline in revenues to 4.8 billion euros for the fourth quarter of 2015. That is a steeper fall than the 4.6% decline across 2015 as a whole. Revenues in Italy were down 2.6% in the quarter, while slumping 20% in Brazil.
Telecom Italia attributed the 12% decline in revenues in Brazil across 2015 to lower usage of messaging and voice calls, and cuts in regulated mobile termination rates, compounded by the economic crisis in Brazil.
Setting out its strategic plan for 2016-2018, Telecom Italia said: "Convergence continues to be central to the group's growth and innovative investments strategy. Using its network infrastructure, the group aims to offer premium services to customers via a single integrated platform. By 2018, the number of "converged" customers with high quality content is expected be around 1.5 million.
"The plan provides for the position in multimedia entertainment, which includes activities, among others, in the field of video, music, gaming and publishing, to be strengthened." source: Telecom Italia presentation