Italy Regulator Urges Common Plan On Ultra Broadband Network
July 06 2010 - 6:16AM
Dow Jones News
The head of Italy's telecommunications regulator Tuesday urged
the country's telecoms operators to work on a common project for
the development of a next-generation broadband network, as Italy
needs to bridge the gap with the rest of Europe.
In the regulator's annual speech to parliament, AGCOM Chairman
Corrado Calabro said the two separate plans recently announced by
Italy's largest telecoms operator Telecom Italia SpA (TI) and a
group of competitors need to converge under one nationwide plan,
guided by the Italian government and with clear rules set by the
regulator.
Italy's former monopoly, Telecom Italia has recently dismissed
calls for joining a rival broadband project, telling regulators
that it will push ahead with its own plans to offer ultra broadband
services to 50% of the Italian population by 2018.
Telecom Italia pledged to reach half of the Italian population
with 100 megabit fiber optic infrastructure, but wants to stick to
its investment plans, which include investing EUR7 billion on its
fixed-line network upgrade in the next three years.
Telecom Italia's pledges follow an alternative plan by rival
operators Fastweb (FWB.MI), Vodafone Group PLC (VOD), Wind SpA and
Tiscali (TIS.MI) to invest EUR2.5 billion to bring broadband to
Italy's 15 largest cities in the next five years.
--By Giada Zampano, Dow Jones Newswires, +39 06 69766925;
giada.zampano@dowjones.com
-0-
Tessellis (BIT:TSL)
Historical Stock Chart
From Dec 2024 to Jan 2025
Tessellis (BIT:TSL)
Historical Stock Chart
From Jan 2024 to Jan 2025