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Telecom Italia to double TI Sparkle capex to EUR 400 mln

Thursday 18 February 2016 | 10:58 CET | News
Telecom Italia has announced that it will double the funding for its international and wholesale operator TI Sparkle from EUR 200 million to EUR 400 million as part of its recently-published three-year strategic plan. The operator said EUR 6.7 billion of the EUR 12 billion investment envisaged under the 2016-18 business plan will be dedicated to innovation, including additional core capacity and data centres for TI Sparkle. Telecom Italia reported full-year revenues of EUR 1.31 billion at its TI Sparkle unit, up EUR 70 million, or 5.6 percent, compared to the year-earlier result.

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Categories: Fixed
Companies: Telecom Italia
Countries: Italy
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