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Telecom Italia's losses narrow by 13%


February 29, 2008 Telecom Italia Media said Thursday that its losses narrowed by 13% in 2007, boosted by robust local advertising sales that bucked the trend for the television sector as a whole. The company is the media arm of former state telephone monopoly Telecom Italia. In a conference call with journalists and analysts, Telecom Italia Media officials were upbeat about the results, which were presented after the Italian Stock Exchange closed Thursday.

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