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November 14, 2011

Telecom Grows 13% in Q3 – Successful Operations in Latin America

Telecom Italia SpA, Italy’s biggest phone company, said third-quarter profit rose 33 percent, beating estimates, on growth in Latin America and after charges a year earlier to eliminate jobs. The stock climbed 5.3 percent. Net income advanced to 807 million euros ($1.1 billion) from 608 million euros a year earlier, the Milan-based company said in a statement today.

Telecom Grows 13% in Q3 – Successful Operations in Latin America

Telecom Italia SpA, Italy’s biggest phone company, said third-quarter profit rose 33 percent, beating estimates, on growth in Latin America and after charges a year earlier to eliminate jobs. The stock climbed 5.3 percent. Net income advanced to 807 million euros ($1.1 billion) from 608 million euros a year earlier, the Milan-based company said in a statement today.