Telecom Italia Posts 2013 Financial Results
News: Telecom Italia registered a 9.1% year-on-year (y-o-y) fall in consolidated revenues to EUR23.41bn (US$32.23bn) in 2013, compared with EUR25.76bn (US$35.47bn) in 2013. Revenues generated by Telecom Italia's subsidiary TIM Brasil also decreased by 7.1% to EUR6.95bn (US$9.57bn). EBITDA fell by 9.4% y-o-y to EUR9.54bn (US$13.13bn) in 2013, compared with EUR10.53bn (US$14.5bn) in 2012. The operator also posted a net loss of EUR674mn (US$927.94mn) in 2013, including the impairment loss on goodwill for EUR2.2bn (US$3.03bn) in H113.