"Tim Brazil he is an active strategic of the group where we want to continue to grow and increase our investments”. The managing director of Telecom Italy, Marco Patuano, confirming the strategic nature of the activity in Brazil, which it “continues to represent for Telecom Italia a core market".
The social partners had stated that for the top management of the group the Brazilian subsidiary could be sold in the event of a good offer.
“In Brazil, we will continue to enhance the traditional component based on Voice – continued Patuano –, at the same time accelerating on the Data segment, through the development of 3G and 4G infrastructures. Capex over the period of the Plan will exceed 11 billion reais”.
By mid-morning, the Telecom Italia stock on the Stock Exchange gained 0,15%.
