Telecom Italia Posts 2.8% Organic Revenue Growth Through September

Telecom Italia generated €10.44 billion in revenue during the nine months ended Sept. 30, 2026, as organic growth reached 2.8% and the company reaffirmed its financial targets for 2026.

Revenue was up 4.7% year over year in total and 2.8% on an organic basis. EBITDA After Lease reached €2.84 billion, an organic increase of 2.3%. In the third quarter, revenue and EBITDA After Lease each rose 4.3% organically from a year earlier.

Equity Free Cash Flow After Lease was positive at €818 million for the nine-month period, compared with negative €66 million a year earlier. The 2026 amount includes proceeds from a refund of the 1998 concession fee. TIM expects cash generation to strengthen in the fourth quarter, supported by EBITDA After Lease growth and working capital.

Poste Italiane completed a public tender and exchange offer for Telecom Italia, which came under Poste’s direction and coordination on Sept. 30. Integration work is underway. Poste estimated potential pretax synergies of about €700 million a year at full scale and separately estimated about €700 million in one-off pretax costs to realize them.