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were provisions for 399 million euro to squeeze the profit for the first six months of Telecom Italy and bring it to 29 million euro. Without these impacts according to the note on profit would result in over 650 million Euros. The ad Marco Patuano however gilded the pill of account, explaining that “it is the marked improvement in the performance of the domestic market” and stressing that the revenues obtained by the former monopolist in the country amounted to 7.375 billion euro (-2.5 %) but increased by 113 million euro compared to the first quarter of 2015, with positive performances in both the mobile and in fixed. A decrease in revenues in the first six months were 10.1 billion euro (-3.3% in organic terms). A wiped out the gains the effects of charges and non-recurring income of EUR 399 million, mainly related to disputes matches and regulatory sanctions as well as those related to the buy-back of bonds as well as the dynamics of evaluation of mandatory convertible bonds that have an impact on EBITDA equal 3.6 billion (-15.8%), Ebit amounted to 1.78 billion (-19.9%) and half-yearly profits lead to just 29 million euro. The Company’s stated that ‘some matches are purely accounting and valuation that do not generate any financial regulation, in particular linked to the fair value of the embedded option included in the mandatory convertible bond issued at the end of 2013, with three-year ». The conference call for the presentation of accounts was e ve the opportunity to reiterate the commitment on investment for broadband in Italy that does not change, and especially not decrease after the government has released the first 2.2 billion and announced throughout 7 billion of public funds. “We are present. And we are in favor – Patuano said in a conference call with analysts – the contribution of the government that combines public and private. This will not reduce our commitments and invest the amount of which we have already spoken, “namely 14.5 billion in three years. Space to relations with competitors. “What we want to do is create the conditions for a future more favorable environment, where there are fewer legal disputes with other operators’ was the omen of Patuano that aims to reach approximately 550 thousand customers at the end of year for Timvision, its web platform for TV content. And that even in light of recent agreements with Netflix and Mediaset Premium.
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