Italtel closes 2004 with increased profit margins

Milan, March 24, 2005

In FY 2004, characterized by a shift of Italtel’s target market and a progressive repositioning towards the most innovative segments of the Tlc market, the company registered revenues of 541.7 million euros with an Ebitda at 95.34 million, or 17.6% of revenue (compared with 17.3% of 2003). Italtel’s goals for the next years are to drive growth across international markets by leveraging the growing demand for convergence solutions, and increase the adoption of IP Communication technologies in the enterprise and public sector segments, starting from the Italian market.

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