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Wireless

EIB approves EUR 400 million for Telecom Italia

Tuesday 27 November 2012 | 13:43 CET | News
The European Investment Bank (EIB) has approved EUR 400 million in funding for Telecom Italia, aimed at financing broadband services based on UMTS and LTE networks. The overall value of the project is higher than EUR 1 billion, according to a statement issued by the EIB. The roll-out of the new networks is aimed at boosting the transmission capacity of the network in response to the growth of mobile data traffic. For its part, Telecom Italia has started marketing new services by mobile unit TIM based on LTE in four cities - Rome, Milan, Turin and Naples.

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Categories: Internet / Mobile & Wireless
Companies: Telecom Italia / TIM
Countries: Italy
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