During the first 9m, TI has been impacted by the Italian lockdown and roaming falls but also by the natural decline of revenues from voice services which is still not offset by a pick-up in broadband and TV services. The group is, however, investing to increase the capacity and coverage of its networks.
We still believe that TI will have, in the end, the most significant market share in TV distribution in Italy and we remain at Buy on the stock.
13 Nov 2020
Slowly but surely laying the foundations to control TV distribution in Italy
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Slowly but surely laying the foundations to control TV distribution in Italy
Telecom Italia S.p.A. (TIT:MIL) | 0 0 0.0%
- Published:
13 Nov 2020 -
Author:
Jean-Michel Salvador -
Pages:
3
During the first 9m, TI has been impacted by the Italian lockdown and roaming falls but also by the natural decline of revenues from voice services which is still not offset by a pick-up in broadband and TV services. The group is, however, investing to increase the capacity and coverage of its networks.
We still believe that TI will have, in the end, the most significant market share in TV distribution in Italy and we remain at Buy on the stock.