Telecom Italia updates forecasts on revenues, Ebitda after DAZN deal

MILAN: Italian telecoms group Telecom Italia (TIM) said on Monday it was updating its forecasts on its revenues and core earnings following its agreement with streaming service DAZN for the distribution of Italy’s top-flight soccer championship.

Earlier this year DAZN won the main domestic rights to screen Italy’s Serie A soccer championship for the next three seasons and sealed a technological and distribution deal with TIM to give its Serie A bid a boost.

TIM said it now forecast a low- to mid-single digit growth for its organic service revenues in the 2022-2023 period, versus a previous forecast for a low single digit growth.