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1Q16 Results:

Total revenue in the first quarter of 2016 decreased 1.3% year on year to EUR 1.1 billion, driven by a decline in fixed-line revenue coupled with lower other revenue partially offset by a stabilization of mobile service revenue and a further increase in mobile handset sales, resulting from the growing success of WIND’s ‘Telefono Incluso’ bundles. Service revenue declined 1.7% year on year with an improving trend in the rates of year on year decline in both mobile and fixed-line. WIND’s EBITDA in the first quarter decreased 6.3% reaching EUR 381 million mainly due to the impact of the sale of WIND’s tower portfolio at the end of the first quarter of 2015, while EBITDA margin in this year’s first quarter was 35.8%. Excluding the tower sale, EBITDA decreased 3.2% year on year.

In this year’s first quarter, WIND invested EUR 172 million in the expansion of its 4G/LTE network, which now covers 58% of the population, and increased the capacity and coverage of the existing 3G+ (HSPA+) network.

In April 2016, WIND and Enel Open Fiber signed a strategic and commercial partnership for the development of a telecommunications ultra-broadband network across the entire country.

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Forward-looking statements

The information on this website contains "forward-looking statements", as the phrase is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

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