India, Feb. 12 -- TIM Group (TIAOF.PK), formerly known as Telecom Italia SpA, reported that its preliminary Group EBITDA increased by 8.3% year-on-year to 4.3 billion euros in fiscal year 2024. Group EBITDA After Lease rose 10.1% to 3.7 billion euros from the previous year.
Group total revenues were 14.5 billion euros, up by 3.1% year-on-year.
TIM said its board approved the offer for its unit Sparkle, received from the Ministry of Economy and Finance (MEF) and Retelit. The offer values Sparkle at 700 million euros. The signing of the deal will take place by 11 April 2025 and the sale is expected to be finalized by the first quarter of 2026, once the preparatory activities, including obtaining Antitrust and Golden Power authorizations, wi...