Italian incumbent Telecom Italia (TI) reported full year profits in its annual results for the first time in 3 years. The telco posted a EUR 1.35 billion net profit in 2014 compared with a EUR 674 million net loss in 2013. However, revenue and EBITDA were down by around 8% to EUR 21.6 billion and EUR 8.8 billion respectively, and despite a EUR 156 million reduction in 2014 the group is carrying a total debt of EUR 26.7 billion.
- Telecom Italia’s three-year plan includes investment of around EUR 10 billion in Italy and EUR 4 billion in Brazil.
- The operator is investing EUR 3 billion in its Italian fibre-optic networks to increase coverage to 75%
- The group has cut its debt by selling a number of assets including its stake in Telecom Argentina.
In this report:
A review of Telecom Italia’s full year report for 2014 and future next generation plans
List of tables and charts:
- Growth of Telecom Italia’s subscriber base by technology
- Growth of the Italian broadband market by technology
Manager – Research and Analysis, Service Providers & Platforms
Ms. Alzbeta Fellenbaum, a principal analyst and manager of research at IHS Markit, leads strategic analysis in telecom for the Service Providers & Platforms team.