Telecom Italia SpA has announced its quarterly earnings, which are in line with analyst expectations. The company has also reiterated its commitment to reducing its debt.

Telecom Italia has experienced growth in Brazil and an increased demand for cloud and cybersecurity services, which has contributed to its financial stability. In the third quarter, the company's net debt after leases decreased to below €8 billion, thanks to the divestiture of its fixed-line network.

Telecom Italia is on track to achieve its debt target of approximately €7.5 billion by the end of the year, as stated in their recent announcement.