Telecom Italia (TIM) has updated its financial targets following a number of developments including an agreement with DAZN for the distribution of Serie A.
According to the telco, the agreement complements a number of already established partnerships with Disney+, Discovery, Mediaset Infinity, Netflix, Amazon Prime Video and other players in this sector that make TIM Vision the richest TV platform in the Italian market.
It is expected to generate incremental revenues already in 2021 and, when at regime in 2022-2023, it is forecast to drive an acceleration of domestic revenues and EBITDA growth (low to mid-single digit/mid-single digit growth) and of the group’s revenues and EBITDA growth (low to mid-single digit /mid-single digit growth). The initiative’s start-up costs imply it will bring a positive contribution to EBITDA only from 2022.
Broadband TV News notes that the agreement between DAZN and TIM was signed in March this year. DAZN was awarded the TV rights to Serie A matches for 2021-2024 and the deal makes TIM the reference telecom and pay-TV operator offering DAZN content in Italy.