Telecom Italia CEO does not want to sell its copper network

Telecom Italia's (NYSE: TI) CEO Franco Bernabe isn't interested in selling the incumbent providers network anytime soon.

In fact, he believes that the network still has plenty of life left in it.

"Such an infrastructure will still continue for many years to guarantee telephone services and broadband access to the majority of the population," Franco Bernabe told a Senate committee hearing.

Bernabe added even as the service provider makes large-scale investments in fiber-based last mile networks, they will invest over $1 billion a year to upgrade and expand the network.

For more:
- Wall Street Journal via Dow Jones has this article (sub. req.)

Related articles:
Telecom Italia realigns management team
Telecom Italia raises ownership stake in Telecom Argentina to 21 percent
Argentina's government debuts national broadband plan
Telecom Italia gets refinanced, weighs sales
Regulator encourages Telecom Italia to help with open access fiber network

Suggested Articles

For the fourth straight year, AT&T ruled the roost for on-net fiber lit buildings in the U.S., according to research by Vertical Systems Group.

Colt's decision to invest heavily in SDN-based networking is foundational to its ability to handle increased traffic loads due to COVID-19.

Microsoft plans to work with other operators soon, including Rogers, Telefonica, Vodafone Business, SK Telecom, Telstra, Etisalat and NTT.