Thursday, 24 August 2017

Telecom Italia sees positive signs at home but struggles in Brazil

By Mary Lennighan, Total Telecom
Wednesday 17 February 16

Italian operator details three-year strategic plan that includes €12 billion in investments in its home market.

Telecom Italia posted a decline in revenues and earnings last year as encouraging signs in its domestic market were overshadowed by weakness in Brazil. But the operator has a plan to turn the business around: it will spend €12 billion in Italy over the next three years and about €3 billion in Brazil with a view to leaving behind its traditional telco roots and becoming a digital operator and platform company. The Italian incumbent posted group revenues of &euro…

Telecom Italia posted a decline in revenues and earnings last year as encouraging signs in its domestic market were overshadowed by weakness in Brazil. But the operator has a plan to turn the business around: it will spend €12 billion in Italy over the next three years and about €3 billion in Brazil with a view to leaving behind its traditional telco roots and becoming a digital operator and platform company. The Italian incumbent posted group revenues of &euro…

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