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Telecom Italia shares rise after sales growth at home

Reuters  |  MILAN 

MILAN (Reuters) - Telecom Italia (TIM) shares rose 2 percent on Thursday after Italy's biggest phone group reported better than expected growth in first-quarter domestic sales, lifted by solid mobile operations and broadband take-up.The stock was up 1.2 percent at 0.78 euros by 0820 GMT, outperforming a 0.14 percent rise in Milan's blue-chip index.Domestic sales at the former telecoms monopoly, which is seeking new sources of income as its traditional phone services lose appeal amid competition from Internet rivals, rose 1.7 percent in the quarter, slowing only marginally from the 2 percent ...

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First Published: Thu, May 17 2018. 14:16 IST