Thursday, July 24, 2014

Telecom Italia Unveils Plans to Invest $1.82 Billion Annually in Brazil

The CEO of Telecom Italia said on Wednesday that the company will invest some 4 billion reais ($1.82 billion) annually in Brazil over three years and participate in the country’s upcoming 4G auction. Those investment plans do not include funds set aside for acquiring a new license to offer expanded 4G service on a new frequency band, Marco Patuano said after a meeting with Brazilian President Dilma Rousseff.

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