TIM Group, which has presence in Italy and Brazil, has revealed 5G coverage, revenue growth, ARPU and Capex for the first quarter of 2023.
TIM Group in its earnings report said its total Capex fell 11.3 percent to reach €837 million in Q1 2023 from €944 million in Q1 2022.
TIM’s Capex for Italy dropped 14.2 percent to €606 million in Q1 2023 as compared with €706 million in Q1 2022.
TIM’s Capex for Brazil decreased 2.9 percent to €231 million in Q1 2023 as compared with €238 million in Q1 2022.
TIM Group has generated revenue of €3.847 billion in Q1 2023 – generating €2.843 billion (–3 percent) from Italy and €1.012 billion from Brazil.
TIM Brazil’s mobile ARPU for the first quarter of 2023 was 27.7 reais vs 27.4 reais in the first quarter of 2022.
