MILAN: Telecom Italia SpA posted first-quarter sales that beat analysts’ estimates, driven by growth in domestic mobile and broadband subscriber numbers.
In the carrier’s first results since US activist investor Elliott Management Corp took control of its board this month, Telecom Italia said revenue rose 2.7% in organic terms to €4.71bil (US$5.5bil). That compared with the average prediction of analysts of €4.67bil. Domestic mobile sales advanced 4.7%.
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