Telecom Italia said Friday that
it registered a net profit of 29 million euros in the first half
of 2015 after setting aside a 399-million-euro provision for
costs, including possible antitrust fines.
It said its revenues for the first six months of this year
amounted to 10.1 billion euros, down 3.3% on the same period in
2014.
"The results posted for the first half of 2015 recorded
non-recurring charges for a total of 399 million euros," read a
company statement.
"These charges - connected with events and operations
that, by nature, do not take place continuously in normal
operations - are highlighted insofar as of significant amount
and include charges deriving from company
reorganisation/restructuring, charges consequent to regulatory
disputes and sanctions and related liabilities with customers
and/or suppliers".
CEO Marco Patuano said the Italian telecommunications
market improved significant significantly in the first half of
the year.
"The results of the second quarter of the year show solid
improvement in turnover in Italy, which has grown by 113 million
euros as compared with the first three months of the year,
rising both in fixed and mobile," Paduano said.
"TIM is once again confirmed as the country's top mobile
operator, increasing revenues from innovative services by 21.8%
on 2014".
Giuseppe Recchi highlighted how much Telecom Italia was
investing in the domestic market.
"During the second quarter of the year too, Telecom Italia
has continued to invest in our country's future," he said.
"We have invested more than 2 billion on developing new
fixed and mobile ultrabroadband networks, making for a 25.7%
increase on the same period of last year.
"We are certain that, thanks to our great efforts, Italy
will be able to achieve the Digital Agenda targets and play a
leading role in Europe."
ALL RIGHTS RESERVED © Copyright ANSA
