It’s Groundhog Day as TIM issues another profit warning

TIM this week warned that earnings at its domestic business in 2021 will be lower than it had previously forecast.
There’s a Groundhog Day vibe about this announcement. It’s the third time this year alone that the Italian incumbent has issued a profit warning, with its previous forecast downgrade coming as recently as October. That’s not great, by anyone’s standards.
The telco said it expects organic EBITDA AL for its domestic business unit to decline in the “low te