Telecom Italia set a target to increase revenues each year over the period between 2017 and 2019, while keeping the capex/revenue ratio at the end of the three-year period below 20%. For 2016, it reported a 2.5% year-on-year organic decline in revenues to 19.04 billion euros and capex of 4.88 billion euros (a capex/revenue ratio of almost 26%).
Revenues for the fourth quarter were up 0.8% year-on-year in organic terms to 5.1 billion euros, reversing a negative trend that had persisted for 18 quarters. Telecom Italia said: "This positive result was driven by the domestic business unit, which grew by 2.7% in organic terms compared with -2.6% in the fourth quarter of 2015. This result was helped by the introduction of innovative offers aimed, for example, at optimising use of the mobile network in off-peak hours and at retaining the customer base by offering new products ("enabling products") that extend the reach of TIM services into adjacent markets." source: Telecom Italia statement