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General

Telecom Italia planning further Brazil investment - report

Wednesday 8 October 2014 | 08:59 CET | News
TIM Brasil, the Brazilian mobile unit of Telecom Italia, is working on a plan to invest an extra EUR 750 million over three years to improve its network, according to an unnamed source cited by Reuters. The plan, dubbed Turbo, could be approved by TIM Brasil's board before the end of the month, according to the source. The extra investment would represent a 25 percent increase to the EUR 3.6 billion allocated under TIM Brasil's latest 2014-2016 plan, around 80 percent of which was earmarked for network upgrades. The operator is focusing its investments in the southern states of Parana and

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Categories: General
Companies: America Movil / Claro / Oi / Telecom Italia / Telefonica / TIM Brasil / Vivo
Countries: Brazil / Italy
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