Telecom Italia says won't meet 2018 debt to EBITDA target

MILAN (Reuters) - Telecom Italia on Thursday said it is no longer able to confirm its net debt to core earnings target for the end of the year, citing adverse competitive and regulatory environment at home and the weakening of the exchange rate in Brazil. Italy's biggest phone group, whose largest shareholder is French media group Vivendi, had previously guided for a net debt to EBTIDA ratio of around 2.7 times this year.The company said comparable earnings before interest, tax, depreciation and..