Poste Italiane Becomes Largest Shareholder
Poste Italiane agreed to acquire a 15% stake from Vivendi, resulting in Poste holding 24.8% of ordinary shares. This marks a step towards improved governance and industrial stability.
Revenue and EBITDA Growth
Group revenues increased by 2.7%, and EBITDA after lease grew by 5.4% year-on-year. This growth is supported by a stable consumer market and high single-digit growth in the Enterprise division.
Strong Performance in TIM Enterprise
TIM Enterprise reported mid-single-digit revenue growth with cloud services contributing significantly, showing a 24% increase in service revenue.
TIM Brasil's Solid Performance
TIM Brasil showed mid-single-digit top-line growth, driven by mobile service revenue, with a strong focus on customer base monetization and operational efficiency.
Cost and Debt Management
The company extended its revolving credit facility to 2030, reduced its size from EUR 4 billion to EUR 3 billion, and maintained a low leverage ratio of 2.05x.