Español Previous ArticleVodafone sets wheels in motion for tower IPONext ArticleEkholm makes open market plea in China keynote AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 24 FEB 2021 Telecom Italia bets on long-term renewable energy Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more Home Telecom Italia Q4 signals successful transformation Kavit Majithia Related Telecom Italia confident on hitting annual goals Q4 earningsTelecom Italia Telecom Italia argued its Q4 performance was an indicator that a two-year transformation effort was beginning to show results, while its net profit for the period surged on the back of a tax realignment.In a statement, the operator said it had spent two years streamlining its organisational structure, optimising processes and undergoing a major repositioning of the business with the creation of new development opportunities, thanks to key strategic agreements.It said the commercial strategy implemented since 2018 had led to a stabilisation of service revenue in the fixed-line segment during Q4 2020, while “the first signs of rationality in the mobile market were felt”.Overall revenue amounted to €4.1 billion, down 2.1 per cent year-on-year, while service revenue dipped 1.2 per cent to €3.7 billion.Domestic revenue hit €3.4 billion, down slightly from €3.6 billion, while the figure in Brazil fell 2 per cent to €725 million.The main bright spot for the quarter was net profit of €6 billion, up from €64 million, mainly due to a domestic tax realignment.Excluding this effect, net profit would have been €1.3 billion.Net financial debt fell by €4.3 billion to €23.3 billion, while the number of mobile lines stood at 30.2 million, down slightly from 30.9 million.The company confirmed a dividend of €0.01 per ordinary share for 2021.Separately, the company’s board of directors also proposed current CEO Luigi Gubitosi stay in the role for another term. Subscribe to our daily newsletter Back Author Tags Las grandes operadoras europeas ponen condiciones a las RAN abiertas
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Mayor of Cape Town Dan Plato announced his 11 Mayco members that will be working with him. Picture:Phando Jikelo/African News Agency(ANA) Cape Town executive mayor Dan Plato yesterday revealed the new mayoral committee (Mayco).The new members include Ian Neilson as deputy mayor, James Vos for assets and facilities,Sharon Cottle for corporate services, Marian Nieuwoudt for finance, while Xanthea Limberg keeps her position at informal settlements, water and waste services and energy. JP Smith also remains at social services, safety and security, while Felicity Purchase takes over at transport and urban development authority following Brett Herron’s resignation.Phindile Maxiti will serve area east, Zahid Badroodien will focus on area south, Malusi Booi is at area central and Grant Twigg at area north.The mayor said the new Mayco is united, diverse and energised.“The members I have chosen to serve on this committee have demonstrated their ability to carry out their duties with excellence, their commitment to work together as a united council, and their passion to serve the people of this city,” said Mr Plato.He also promised effective service.“The residents of and the visitors to Cape Town deserve a well-run, corruption free, and focused City administration that is geared towards providing effective and efficient service delivery for all,” he said.He also thanked the former Mayco members for their service. read more
Former Flying Fijian star Seremaia Bai will be the face of a new wave of rugby sevens development in the Southern Highlands Province. While the code is virtually non-existent in the oil rich province, Bai in partnership with sports marketing company Game Plan Pacific, have etched a plan to promote the code and stage the Highlands Sevens Rugby inaugural PRK Souths Sevens tournament from March 9-10 at Ialibu. Highlands Rugby Sevens CEO Jims Rekisa on Monday announced the exciting new challenge to break into the rugby league stronghold province. And that project begins this week, following the arrival of the retired well known Fijian rugby star and associate Vueti Tupou from the Rugby Academy of Fiji on Monday in Port Moresby. The duo will bring their wealth of experience to not only help grow the sevens game in the rugby union starved Highlands region, they hope to use the sport and their influence to also help change mindsets and the attitudes of players. Rekisa said the duo left yesterday to join former PNG Pukpuk star Paul Joseph, who is already on the ground doing the early ground work. He confirmed that prior to the tournament they will stage a 12-day coaching clinic. Bai said this is to provide the basics of the game. Rekisa further confirmed that the tournament will have 10 local teams, five outside Highlands teams and the popular Black Orchids from the Autonomous Region of Bougainville (AROB) to bring in their wealth of experience as one of the top teams in the country. He also confirmed that from the tournament they will name a team to take part in the highly popular world renown Marist Sevens in Suva, Fiji from March 23-24. He also confirmed the inclusion of popular rugby leage Digicel Cup coach Andy Andiki as the coach of the Highlanders representative team. Rekisa further acknowledged naming rights sponsor of the tournament in Petroleum Resources Kutubu, and in particular directors John Kapi-Natto and Johnny Yawari for supporting the concept. Former Flying Fijian star Seremaia Bai will be the face of a new wave of rugby sevens development in the Southern Highlands Province. read more