Telecom Italia’s Brazilian subsidiary TIM Brasil has revealed plans to invest BRL3 billion (USD1.75 billion) in 2012, with a primary focus on improving its 2G, 3G and fibre-optic capacity. TIM Brasil president Luca Luciani is quoted as saying his company ploughed BRL2.9 billion into its networks and services in FY2011, in the process doubling 2G capacity and extending its 3G footprint to almost 500 municipalities.
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OVETEL TIM Brasil plans BRL3bn investment this year
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