Telecom Italia Profit Falls as Revenue Continues to Slide

By Manuela Mesco

MILAN--Italy's Telecom Italia (TIT.MI) said Tuesday that its profit fell in 2015 as revenue continued to slip.

Earning before interest, taxes, depreciation and amortization, or Ebitda, fell almost 18% at 7 billion euros ($7.92 billion). Telecom Italia said that the strong fall is due to non-recurring charges for nearly EUR1.1 billion and that its preliminary revenue for 2015 fell 4.6% from the year before.

The company, whose revenue have been falling for years, said it noted a stronger recovery, particularly in the mobile sector of its domestic market, compared with previous quarters. Yet, domestic revenue fell 2.3% in 2015. Total revenue stood at EUR19.7 billion.

-Write to Manuela Mesco at manuela.mesco@wsj.com

(END) Dow Jones Newswires

February 16, 2016 01:57 ET (06:57 GMT)

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