For the second consecutive quarter, the TIM Group's results are positive, with EBITDA up 6.5% and revenues up 3.7% to €4.1 billion, results that are fully in line with 2023 targets and which once again confirm that we have taken the right path.
In Italy TIM Consumer improved on previous quarters and continued its Volume to Value strategy, TIM Enterprise reported total revenues and service revenues up 4,8% and 4.2% respectively, with a mix of revenues from services in line with expectations, NetCo reported total revenues up 5.8% compared to the same period last year, also thanks to the extension in grey areas of the commercial agreement with Open Fiber.
In Brazil TIM Brasil confirmed its growth trend with total revenues up 7.9% and service revenues up 7.5%, thanks to an excellent performance in mobile with an ARPU at an all-time high in both pre-paid and post-paid, and thanks to the continued increase in the TIM Live fixed telephony customer base.
Not only did we hit the plan targets, but as of 30 September we have already achieved 77% of the domestic cost containment target for 2023.
This performance is even more positive when compared to the results recorded in past years in which the Group focused mainly on hypothesised extraordinary transactions, which were announced, denied and never achieved.
We closed a quarter by growing by €300 million year on year, which has not happened for five years, but this extraordinary result is still being nullified by the absorption of interest on debt.
Today, however with the sale of the fixed telephony network to KKR, we have succeeded in carrying out an ambitious and historic project that solves the debt problem and will give TIM the opportunity to play a leading role in a highly competitive and evolving scenario. This transaction required an extraordinary effort, but as the numbers show it did not divert our attention from the proper management of the business.