New Telecom Italia CEO Amos Genish hailed his first set of financial results, as the operator joined VEON and Sunrise in reporting its third quarter financials.
The group’s operations in Italy and Brazil both registered gains, with home market revenues hitting €3.82 billion, up from €3.79 billion.
In Brazil, sales increased from €1.06 billion to €1.10 billion.
However, EBITDA was down from €2.15 billion to €2.10 billion due to one-off provisions for historical litigation.
At VEON, Q3 revenues rose four percent to $2.55 billion thanks to growth in Russia, Pakistan and Ukraine, which offset declines in Algeria, Bangladesh and Uzbekistan.
EBITDA jumped 16.4 percent to $1.04 billion, with Pakistan delivering growth in excess of 40 percent thanks to revenue growth, opex synergies and one-off gains from historic tax accruals.
CEO Jean-Yves Charlier said: “VEON reported another solid performance in the third quarter with further growth in revenue and EBITDA, driven in particular by strong results in Russia, Pakistan and Ukraine, and also delivered on a number of our strategic imperatives.”
In Switzerland, Sunrise saw sales fell 3.7 percent to CHF460 million as growth in mobile postpaid, internet and TV could not offset declines in areas such as mobile prepaid and fixed voice.
EBITDA fell 1.4 percent to CHF154 million but net income was up from CHF22 million 12 months ago to CHF442 million as the company registered a gain from selling its towers business to Cellnex.
Olaf Swantee, CEO of Sunrise, said: “Q317 is the second consecutive quarter with stabilising gross profit and showed the strongest commercial momentum during summer months in many years.”
Read more: Q&A with Sunrise CEO Olaf Swantee