TIM to take 2021 earnings hit on football deal

Italian operator group TIM is upbeat about the impact its controversial football streaming deal with DAZN will have on its core financial metrics in the next couple of years.
TIM confirmed its group revenue target for the full year – stable to low-single-digit growth, that is – but said it expects EBITDA to fall by low to mid-single digits, partly because of its distribution deal for top-flight football and partly because of delays to the voucher scheme designed to provide access to