Tim-Telecom accelerates investment in Italy: 12 billion in 3 years – The Messenger

Tim-Telecom accelerates investment in Italy. The commitment for the next three years is 12 billion compared to 10 billion the previous plan, of which 3.7 billion for the optical fiber. And more than half of the total (6.7 billion) are focused on “innovative component.”

Equally clear objective: to bring fast broadband and the Internet to 84% of the population (compared with 75% set for 2017 ). Not only. In the group plans presented today in London to analysts, by 2018 98% of the population should be reached by 4G. The Telecom Group had in the hat a significant increase in investment in Italy was a bit ‘in the analysts’ expectations. This will be a move also linked to government pressure, he wants an acceleration of investments on broadband ?, they ask him
 of Societe Generale analysts in a daily note of comments to the plan to the results of 2015.

The remainder of the market seems to have met with a certain coldness data on the fourth quarter of 2015 and then the entire year. The title of the group led by the ad Marco Patuano and President Giuseppe Recchi is losing
 Piazza Affari more than 4%. Weighed down also by the statements coming from Paris, with the Orange Group number one ready to clarify that “there is no merger with Telecom Italy.

<'p> Returning to the numbers, largely in line with forecasts of analysts, Tim-Telecom Italy closes 2015 with a decrease to two-digit EBITDA and increased debt, weighed down by negative data, however, non-recurring items. EBITDA of 2015 amounted to 7 billion Euros and decreases of 17.9% on-year in organic terms. The Group EBITDA was affected by the negative impact of non-recurring expenses, including restructuring costs, to 1.076 billion, without which it would mark an organic decline of 4.5%. similar dynamic for the domestic EBITDA, amounted to 5.567 billion (20.4% organic), with non-recurring expenses 1.028 billion, without which it would mark -4.9%.

Debt net financial income adjusted amounts to 27.278 billion euro at the end of 2015. in this case weigh, the company said, the enrollment effects of a higher debt to finance leases related to the building project, the retro-altitude location of the towers in Brazil, the negative impact net of repurchases of own bonds. In general, though, analysts have appreciated the soundness of the internal market, Gen Soc head that as Banca Akros has stressed the growth in revenues from mobile services right on the internal market in the fourth quarter (0.1%), compared to hard (-3.1%) detracted from a non-homogeneous comparison to 2014.

Along the same lines the Mediobanca analysts, who nevertheless retain a focus on the debt, with a goal to three times’ EBITDA against two of European competitors.

ANOTHER STEP FORWARD fOR VIVENDI
 Within equities make another step forward France’s Vivendi. It falls, in fact, the competition ban for French directors Tim-Telecom Italy, expression of Vivendi socio fact, elected by December 15 last year. An investigation “conducted with the support of legal and business experts,” argues the board of directors, it has “determined that there are no grounds for him to find the application to load competition clause of the aforementioned directors, considering the activities by those vessels as well as described in the curricula vitae. “

So the board of directors also approved the increase from five to six members of the Committee for the control and risks, calling upon the independent counselor Félicité Herzog, as well as embedded nomination committee and remuneration (after the release of Fitoussi advisor) with the appointment of Arnaud de Puyfontaine, to Vivendi, and Stéphane Roussel, chief operating officer of the