TIM agrees EUR350m loan

26 Nov 2019

Telecom Italia (TIM) has signed a EUR350 million (USD386 million) six-year loan agreement with the European Investment Bank (EIB). The funds will support the telco’s rollout of 4G and 5G mobile broadband technology. TIM says it expects to complete its 4G LTE network deployment in 2020, while it has so far launched 5G services in a handful of cities. The operator says that 30% of the planned investment will target southern Italy and will help to improve connectivity in underserved regions.

Italy, Telecom Italia (TIM)