Board of Directors of Telecom Italia has approved investments worth Euro14.5 billion over the next three year period 2015-2017, with 10 billion euros allocated for investments in Italy and the balance going to Brazil.
Of the total, around 5 billion will be used for the development of new technologies such as NGN, LTE, Cloud Computing , Data Centres, Sparkle and Transformation. The aim of this acceleration of investments is to create the foundation for growth in turnover based increasingly on the spread of innovative services, especially via digital content services.
The new Plan further strengthens the pathway to technological leadership the Group embarked on last year, and it will also continue to focus on the development of the IT Digital platforms, the Data Centres and Big Data, which contribute to characterise the "core business" of Telecom Italia. In particular, Telecom Italia aims to grasp the opportunities within the quad-play segment, namely the joint offer of fixed and mobile telephony, broadband/ultrabroadband connectivity and premium content.
According to Telecom Italia, by the end of 2017, it will reach 75% of the population with optic fibre, and over 95% with the 4G mobile network, positioning itself as a leader in the infrastructure development of the country. Telecom Italia added that its mobile broadband network can count on the Euro900 million in investment allocated to complete the extension plan that is already in an advanced phase of completion.
