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Telecom Italia shares rise two percent after positive domestic sales growth

Reuters  |  MILAN 

MILAN (Reuters) - Telecom Italia (TIM) shares rose 2 percent on Thursday after Italy's biggest phone group reported better-than-expected 1.7 percent growth in first-quarter domestic sales, lifted by solid performance from mobile operations and broadband take-up.The stock was up 2 percent at 0.79 euros by 0720 GMT, outperforming a 1 percent rise in Milan's blue-chip index."Mobile service revenues up 3.7 percent was the key positive surprise, materially outperforming competition. Strong fiber take-up," Morgan Stanley, which has an 'overweight' rating on the stock, said in a note. In the first ...

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First Published: Thu, May 17 2018. 13:19 IST