TIMvision TV subscribers pass 500,000 in 4Q 2015

MILAN — The Board of Directors of Telecom Italia met yesterday, chaired by Giuseppe Recchi, to approve the Group preliminary results at 31 December 2015.

Revenues in 2015 amounted to 19,718 million euros, down 8.6% on the 2014 financial year (21,573 million Euros). In terms of organic change, calculated by excluding the effect of changes in exchange rates and consolidation area, consolidated revenues were down 4.6% (-951 million euros).

Telecom Italia finished the year with 530,000 subscribers to its TIMvision (formerly Cubovision) video-on-demand service.

TV Customer Base

                         1Q'15  2Q'15  3Q'15  4Q'15
                         -----  -----  -----  -----
TIM Vision Fixed           223    269    284    375
TIM Vision Mobile+SKY       56     56     58    155
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Total                      279    325    341    530