TIM plans to invest USD4.8bn over three years

14 Feb 2011

Brazilian telecom operator TIM Participacoes intends to invest BRL8 billion (USD4.79 billion) in its networks and services over the next three years, as part of its goal of reducing the digital divide and removing a major bottleneck hampering universal broadband access in the country. As reported by TeleGeography’s CommsUpdate last Friday, TIM president Luca Luciani recently met with the country’s Minister for Communications Paulo Bernado to illicit his support for network sharing initiatives designed to improve broadband access in Brazil. The TIM official believes that universal access to high speed internet access has been hampered by a lack of such agreements to date. It adds that the situation has been made worse by a number of telecoms operators being allowed to control the wholesale market.

Brazil, TIM Brasil