Greek mobile operator TIM Hellas has this week announced a total investment budget of EUR400 million (USD518 million) for the three-year period 2005-07, as part of a press conference on Wednesday at which it presented statistics illustrating its recent development and short term plans. Within a five-year period TIM Hellas has invested over EUR500 million in network expansion and improvement of nationwide coverage, and has doubled its number of radio base stations. Since 2001 its geographical coverage has improved from 90% to 94.5% and population coverage rose from 98% to 99%. The company told press that it is focused on the further improvement of coverage, the development of 3G infrastructure, and enhancement of the overall quality of the network. TIM Hellas’ retail network currently consists of 275 stores, which it aims to extend to 350 outlets in the first half of 2007.