Telecom Italia Reaches 584,000 ADSL Subscribers

Telecom Italia reported Q1 revenue of EUR 345 million, up 3.6% compared to Q1 2002. Gross operating profit reached EUR 47.2 million compared to EUR 27.1 million in Q1 2002. There was an operating loss of 35.3 million for the quarter. Internet-related revenue rose 20% in comparable terms compared to a year earlier to EUR 56.8 million. At the end of March 2003, Telecom Italia has 2,380,000 active Internet users (1,930,000 in Q1 2002), of which 584,000 were subscribers to ADSL. Revenues of Telecom Italia's portal business area exceeded EUR 6 million, an increase of 40% compared to Q1 2002.
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