Italy ups EU fund allocation on broadband, 5G - report lightreading.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lightreading.com Daily Mail and Mail on Sunday newspapers.
Also in today s EMEA regional roundup: Fastweb taps Amdocs for network inventory upgrade; MTN seeks $5 billion valuation of mobile money unit ahead of stake sale; A1 Telekom Austria brings your package inside.
Telecom Italia (TIM) is congratulating itself on completing its fiber rollout in the north-east Italian region of Friuli Venezia Giulia, using a mix of FTTC, FTTH, FWA and satellite technologies. Those households and businesses connected to FTTH will enjoy downlink speeds of up to 1 Gbit/s; up 200 Mbit/s must suffice for those on FTTC. Across the country, says the operator, TIM s fiber network is now available to 92% of those households that use the fixed network. Earlier this month TIM announced the completion of shareholder agreements with KKR Infrastructure and Swisscom-owned Fastweb that, in theory at least, allow FiberCop, Italy s last-mile network grid, to commence operations. (See FiberCop is go after KKR and Fastweb firm up stakes and Italy s TIM seeks co-investors to
It s been several months in the making, but FiberCop, Italy s last-mile network grid, has finally moved into the operational stage with an enterprise value of 7.7 billion (US$9 billion).
Telecom Italia (TIM) announced the completion of shareholder agreements with KKR Infrastructure and Swisscom-owned Fastweb, meaning that KKR has acquired a 37.5% stake at a value of around 1.8 billion ($2.1 billion). Fastweb has also transferred its 20% stake in FlashFiber, its joint venture with TIM (which holds an 80% stake), into FiberCop and taken a 4.5% stake.
FiberCop now combines TIM s secondary network (from the street cabinet to customers homes) and the fiber network developed by FlashFiber.