Venerdì, 19 Ottobre 2018

Wind telecom reports profits in mobile Internet


Milan, November 14 - Italian telecom Wind reported
Wednesday that its revenues in the first nine months fell by 5%
compared with the same period last year.
Revenues totalled 1.33 billion euros in the first three
quarters of the year, lower than 2011 figures, due to a weaker
economic climate and a drop in termination rates, the telecom
Earnings before interest, taxes, depreciation, and
amortization (EBITDA), which measures operating profitability,
also dropped by 5% to 537 million euros.
However, revenues from mobile Internet services rose by a
dramatic 43.1%, the company said.
Wind's gross operating margin in the first nine months fell
by 2.4% to 1.549 million euro "as a result of lower revenues and
the increased costs of energy supply, partially offset by cost
control initiatives," the company said in a statement.

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