• Total Revenues of €1,300 million, a 4.4% increase over Q1 2007
• TLC service revenues up 6.0%1, reaching €1,261 million
• EBITDA reaches €456 million, growing 6.6% over first quarter 2007
• EBIT growing 25.5% to €197 million
• Net profit of €39.6 million, from €6.6 million in Q1 2007
• Mobile customer base approaches 15.9 million (+4.7%)
• Direct subscriber base (ULL) exceeds 1.53 million, up 33.9% over Q1 2007; over 1.11 million broadband customers up, 31.7%

Wind’s net financial indebtedness as of March 31, 2008, amounts to €6,370 million, a reduction of €70 million from €6,440 million recorded as of December 31, 2007. Wind’s cash flow generation in the first quarter of 2008 was approximately €121 million.

Mobile
In the first quarter of 2008 Wind’s commercial proposition continued to prove highly appealing in the market with a 4.7% growth in its mobile customer base which reached 15.9 million subscribers. The success is the result of Wind’s simple offer structure combined with a tangible benefit for the customer, as highlighted by Wind’s Noi voice and SMS options. During the first quarter of the year Wind further enriched its Mobile Internet Broadband offer portfolio, focussing its commercial strategy on flat rate tariff plans for a set bundle of hours of Internet browsing. Wind continued to focus on the business segment through specific promotions and dedicated offers. Wind’s mobile ARPU in Q1 2008 remained substantially stable over Q1 2007 at €18.3, notwithstanding the recharge fee abolishment in March 2007 and the interconnection rate cut in July 2007.
Overall traffic volume increased by 11.3% reaching 7.7 billion minutes while the number of SMSs sent in the quarter grew more than 171% to over 3.2 billion messages.

Fixed-line
In the first quarter of 2008 Infostrada confirmed its position as the main alternative operator to Telecom Italia, reporting a strong growth in the number of customers directly connected to its network (in unbundling) which reached, as of March 31, 2008, 1,532,000, growing 34% over the same period of the previous year.
Infostrada confirmed its leadership in direct customers acquisition with 104 thousand net additions in the first quarter of 2008. This success was driven by the further enrichment of its offering portfolio, which provides tailored solutions for all customer needs.
In the quarter ended March 31, 2008 Wind grew the number of Internet broadband subscribers to 1,115,000 customers, an increase of 268 thousand customers (+31.7%) over the same period of the previous year and of 93 thousand customers in the first quarter of the year, confirming the success of our flat offers which have been selected by 89% of our broadband customers.
Wind’s fixed and Internet ARPU grew to €38.9 in Q1 2008, up 3.6% over the same period of the previous year.