Friday, 21 July 2017

Telecom Italia under pressure as Enel stirs up a hornet's nest

By Mary Lennighan, Total Telecom
Friday 29 July 16

Italian incumbent upgrades domestic guidance but will have to gear up for battle in both fixed and mobile markets.

Telecom Italia is in trouble in Italy. Two days ago the the Italian incumbent was upbeat on its prospects in its home market. It upgraded its full-year outlook, revealing that it expects earnings at its domestic business to grow in 2016, after a strong performance in Italy in the second quarter. But while its financials are looking healthier, Telecom Italia now faces a battle for position on two fronts simultaneously: the fixed and the mobile markets. On the fixed broadband side…

Telecom Italia is in trouble in Italy. Two days ago the the Italian incumbent was upbeat on its prospects in its home market. It upgraded its full-year outlook, revealing that it expects earnings at its domestic business to grow in 2016, after a strong performance in Italy in the second quarter. But while its financials are looking healthier, Telecom Italia now faces a battle for position on two fronts simultaneously: the fixed and the mobile markets. On the fixed broadband side…

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