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