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General

Telecom Italia presents 2016-18 business plan to unions

Tuesday 8 March 2016 | 08:55 CET | News
Telecom Italia (TIM) announced that its CEO, Marco Patuano, presented the company's 2016-2018 business plan to trade unions and set out further details of the EUR 12 billion three-year investment. Patuano emphasised that around EUR 6.7 billion will be spent on innovation (NGN, LTE, cloud, TI Sparkle and transformation). Around EUR 3.6 billion will be allocated to rolling out fibre-optic cables to reach 84 percent of the Italian population by 2018, up from 75 percent in the earlier plan, while EUR 1.2 billion will be spent on further expanding the 4G network to cover 98 percent of the country.

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Categories: General
Companies: Telecom Italia / TIM
Countries: Spain
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