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.)

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