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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Friday, October 29, 2021

Domestic Mobile Drags Down Telecom Italia

Telecom Italia reported a 2.1% year-on-year decline in revenues to 3.8 billion euros on an organic basis for the third quarter of 2021. Domestic mobile revenues were down 4.5%, but revenues in Brazil rose 2.8% to 731 million euros.

Still, Telecom Italia said group service revenues fell just 1.4% in the third quarter on an organic basis, compared with 1.7% in the second quarter and 2.5% in the first quarter.

The group also said growth in revenues "related to innovative 'beyond connectivity' services continues, with the cloud showing a record increase (+ 25% year-on-year in the quarter) and total ICT revenues up 13.3% despite some projects being postponed to the fourth quarter." source: Telecom Italia statement

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