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Italy's TIM first-quarter core earnings drop on coronavirus hit

FILE PHOTO: Telecom Italia logo is seen at the headquarter in Rozzano neighbourhood of Milan
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MILAN (Reuters) - Telecom Italia (TIM) on Monday reported a drop in first-quarter core earnings after cost cuts failed to fully offset a slump in domestic revenue caused by the coronavirus pandemic.Italy's biggest phone group said on Monday its organic earnings before interest, tax, depreciation and amortization (EBITDA) fell 7.5% in the January-March period from a year earlier to 1.8 billion..
Date Published: May 19, 2020
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