TIM's core domestic revenues were down 0.6% year-on-year to 3.10
billion euros, slightly above a consensus estimate of 3.05
billion euros, helped by a 3% annual rise in fixed telephony.With
fixed-segment customers increasingly migrating towards broadband, TIM said it had added 424,000 new retail and wholesale ultrafast lines in the period, up 23% from a year earlier.
Under a three-year strategy unveiled in February, TIM, whose top investors are French media giant Vivendi and Italian state lender CDP, said it expected an organic EBITDA after lease costs either stable or showing low single-digit growth in 2021.
Russia's biggest mobile operator MTS on Tuesday reported an almost 9% drop in first-quarter net profit to 16.2
billion roubles ($219.7 million) but said expansion in digital services should allow it to deliver on financial goals.
MTS, part of conglomerate Sistema, said that when adjusted for derivative operations used to mitigate currency risk, net profit was almost 20% higher in year-on-year terms. Revenue rose by 5.5% year-on-year to 123.9
billion roubles."Looking ahead, we see promising trends in 2021, including rapid uptake in digital services as well as the easing of pandemic-related roaming headwinds," said President and CEO Vyacheslav Nikolaev.
The company confirmed its 2021 revenue and core profit outlook, which forecast a rise in revenues and adjusted operating income before depreciation and amortisation (OIBDA) of more than 4% and capex of between 100-110 billion roubles.For
the three months ending March 31, free cash flow, excluding MTS Bank, fell 37.1% year-on-year to 11.3
billion roubles, which MTS said reflected higher capital expenditures in the first quarter of 2021 than the same period in 2020.
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