Telecom Italia Group (TI,TIAOF.PK) said it expects 2009 revenues and the organic EBITDA margin to be in line with 2008 figures.
The company said that in 2009, capex would total around 4.8 billion euros. The Net Debt/EBITDA ratio is expected to be around 2.9 by year-end 2009.
Telecom Italia provided earnings targets for 2008 and 2011, on an equivalent consolidation area, exchange rate, and non-organic income and charges basis. The company forecasts average yearly revenue growth in excess of 2%, while it expects EBITDA margin above 39% by 2011.
In 2011, capex would correspond to around 13.0%-13.5% of revenues. Given these objectives, the group forecasts the Net Debt/EBITDA ratio to be around 2.3 by year-end 2011.
Telecom Italia announced further reductions in domestic employee numbers with an additional 4 thousand beyond the planned 5 thousand reductions by 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.