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Broadband

Telecom Italia to boost FTTH investment to EUR 700 mln - CEO

Thursday 21 May 2015 | 10:35 CET | News
Telecom Italia's CEO Marco Patuano has announced that the company is prepared to increase the amount invested in expanding its broadband infrastructure over the next three years to EUR 650-700 million. The new figure represents a significant increase on the EUR 500 million already committed to bring FTTH to 40 Italian cities by 2017. "The total investment will be EUR 650 million to 700 million to cover 40 cities up to 2017," said Patuano at a shareholders meeting, before adding that "God willing, the world won't end in 2017, so we will then have to consider the dynamics."

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Categories: Fixed
Companies: Telecom Italia
Countries: Italy
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