Q1 revenues were stable yoy and lfl and slightly better than expected. As a reminder, Italy suffered more than other countries from the pandemic with a a more significant loss in roaming but the group has recorded 3% revenue growth in Italy on the fixed side thanks to the migration toward fibre.
The stock is coming back from hell (+50% since October). We believe that, like BT, the stock has reached a long-term bottom and we maintain our Buy opinion.
21 May 2021
Fibre deployment is progressing well
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Fibre deployment is progressing well
- Published:
21 May 2021 -
Author:
Jean-Michel Salvador -
Pages:
3
Q1 revenues were stable yoy and lfl and slightly better than expected. As a reminder, Italy suffered more than other countries from the pandemic with a a more significant loss in roaming but the group has recorded 3% revenue growth in Italy on the fixed side thanks to the migration toward fibre.
The stock is coming back from hell (+50% since October). We believe that, like BT, the stock has reached a long-term bottom and we maintain our Buy opinion.