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An announcement from Telecom Italia SPA ( (IT:TITR) ) is now available.
In 2024, TIM Group reported a significant financial turnaround, achieving a 3.1% increase in revenues to €14.5 billion and a robust 10.1% growth in EBITDA after lease. The company reduced its net debt after lease to below €7.3 billion and maintained leverage below 2x, marking a successful completion of its strategic plan initiated in 2022. The sale of NetCo to KKR and improvements in both the domestic and Brazilian markets have been pivotal in enhancing operational efficiency and cash generation. TIM’s focus on 5G and related technologies, alongside planned investments of €6 billion over three years, positions the company favorably for future growth.
More about Telecom Italia SPA
Telecom Italia SPA, known as TIM Group, operates within the telecommunications industry. The company offers a range of services including mobile and fixed-line telecommunications, with a focus on expanding its 5G, data center, IoT, and AI capabilities. TIM operates primarily in Italy and Brazil, with distinct business units like TIM Consumer and TIM Enterprise.
YTD Price Performance: 17.93%
Average Trading Volume: 798,651
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €6.72B
Find detailed analytics on TITR stock on TipRanks’ Stock Analysis page.
