Milan

Telecom Italia 9-mth profits in line with 2011

Confirms 2012 targets

Telecom Italia 9-mth profits in line with 2011

Milan, November 9 - Italy's largest telecoms company Telecom Italia posted a net profit of 1.926 billion euros in the first nine months of 2012, in line with the same period in 2011. Earnings were 22.061 billion, also in line with the first nine months of last year. Net financial debt fell 929 million to 29.485 trillion euros. Telecom confirmed its 2012 targets. It said performance on the Italian market was slightly better despite the recession.

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