TIM broadband venture attracts around 20 potential investors

29 Mar 2017

Telecom Italia (TIM) has attracted interest from around 20 potential investors after it revealed that it was looking for a financial partner to help fund its new rural broadband network venture. Il Sole 24 Ore reports that the telco is working with Rothschild to find prospective partners for the new network unit, and an investor will be chosen in the next few months.

As reported by CommsUpdate last week, TIM is looking to roll out ultra-broadband infrastructure in so-called ‘white’ areas which are currently unserved or underserved. The telco has decided to not take part in government tenders for subsidised rollouts in C and D regions, which are mainly in rural and semi-rural areas, and plans to go it alone with its fibre network deployments. It recently lost a legal challenge to try to alter the terms of the tenders, which it claimed were unfair and favoured other bidders. TIM has now asked the EU to review the award process.

Italy, Telecom Italia (TIM)