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General

Telecom Italia to use Inwit funds for broadband expansion

Monday 8 June 2015 | 15:46 CET | News
Telecom Italia will use the revenues raised from the sale of a 40 percent stake in its tower unit Inwit to fund its mobile and fibre-optic broadband network expansion plans, according to CEO Marco Patuano. "The resources will be used for the industrial plan that envisages the development of the fixed and mobile ultra-broadband network, to accelerate investment and give further credibility to the broadband plan," said Patuano at the launch of the roadshow for the Inwit IPO. Telecom Italia is hoping to raise up to EUR 936 million from the listing on the Milan stock exchange. Patuano also said

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Categories: General
Companies: Telecom Italia
Countries: Italy
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