Italy's Telecom 2nd in EU for profit, lowest in investment

Mediobanca annual study shows Iliad top in investment

(ANSA) - Milan, January 14 - Italy's Telecom is the second-largest telecommunications group in Europe based on industrial profit (operating income on revenue of 20.6%), just behind British Telecom (24.3%), and just ahead of Vimpelcom, Telefonica and Orange, according to a study on European telecommunications groups by R&S Mediobanca released Thursday.
    In investments, Telecom ranks last with an investment rate of 3.5%, here again just trailing British Telecom at 3.8%.
    Iliad, French entrepreneur Xavier Niel's relatively young ISP and mobile operator, tops the investment rate ranking at 19.2%.


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