Telecom Italia SpA Signs Development Agreement with Invitalia and Italtel for Broadband in Sicily

Wednesday, 20 Nov 2013 07:00pm EST 

Telecom Italia SpA announced that it has signed, with Invitalia and Italtel, a Development Agreement worth a total of more than EUR 61 million to extend the broadband network and foster services in Sicily. Telecom Italia is investing more than EUR 41 million to increase fixed-line and mobile broadband network capacity throughout Sicily, replacing copper network infrastructure with more fibre optics. The project also paves the way for future broadband network development. Italtel is investing EUR 20 million: EUR 18 million to build a software-led platform for video, voice and internet services over the latest generation of networks, and EUR 2 million to diversify output at the Carini premises in Palermo, where it will build out infrastructure for a software factory and an engineering hub to produce industrial-grade software-led products. Presented by Telecom Italia and Italtel, the plan is being co-funded by Invitalia, which is contributing around EUR 18 million of funds from the Ministry of Economic Development. 

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