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Telecom Italia First-Quarter Net Rises on Growth in Brazil
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Telecom Italia SpA, Italy’s largest phone company, said first-quarter profit rose 10 percent, beating analyst estimates, helped by growth in Brazil and Argentina.
Net income advanced to 606 million euros ($785 million) from 549 million euros a year earlier, the Milan-based company said in a statement late yesterday. Revenue rose 4.5 percent to