Telecom Italia to Invest EUR 1 billion in Fiber-Optic Broadband Network
Published By : 05 Feb 2015 | Published By : QYRESEARCH
Italian phone group Telecom Italia is all ready to invest more than 1 billion Euros in order to broaden its fiber-optic broadband network in supposedly digital divide areas belonging to southern and central Italian regions. Chief executive officer of Telecom Italia Marco Patuano in an interview with Il Messaggero revealed some of the content of the new industrial plan by the operator. This plan will be presented on February 19 this year.
Marco Patuano said in the interview that the company wishes to link the entire country of Italy with the help of super speed broadband. This will begin with an initial investment of 1 billion Euros in south and central Italy. The goal, stated Marco Patuano, is to modernize the nation, develop a strategic infrastructure for the growing economy, and create more employment opportunities in the country.
Patuano then went on to reiterate the list of the many contracts that have been secured by Rome based Telecom Italia in the last few months. He also listed out some of the new broadband network projects that will be rolled out in regions such as Campania, Lazio, Basilicata, Calabria, Puglia, Molise, and Sicily.
Even though all of the above mentioned projects will be financed with the help of national as well as European funds, chief executive officer Marco Patuano emphasized that Telecom Italia will be investing a total amount of more than 1 billion Euros by the middle of next year.
Patuano said that an estimated 550 million Euros will be dedicated towards building excavations, dark fiber and other infrastructure. An additional 230 million Euros will be used to introduce super fast broadband at speeds ranging from 30 mega bytes per second (Mbps) to 100 Mbps. A further 300 million Euros will form additional investments that will be used to carry out operations in the seven regions by mid next year.