Telecom Italia : Brazil continued to offset Italy in Q1 2023
>The good news (subsidies, EBITDA growth for Q2 2023) - Telecom Italia suggests that access to the National Recovery & Resilience Plan, with subsidies for 5G and fibre validated by the government in April, could make it possible to raise the 2023 FCF objectives by € 200m-300m. The Q1 2023 results were in line with consensus expectations in terms of revenue, EBITDA after leasing (EBITDAaL) and group FCF, even though Italy was still down.Brazil continued to of...Telecom Italia is a telecommunications group based in Italy. Co. is engaged in the communications sector and, particularly, the fixed and mobile national and international telecommunications sector, the television sector and the office products sector. Co. operates mainly in Europe, South America and the Mediterranean Basin. Co.'s operations are organized along two operating segments: Domestic - Italy (providing telephone and data services on fixed-line and mobile networks for final customers (retail) and other operators (wholesale)); and Brazil (operates in the mobile phone, fixed telephony, in long-distance and data transmission markets in Brazil).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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