Telecom Italia’s Brazilian subsidiary TIM Participacoes (TIM Brasil) expects total CAPEX for the 2012/14 period to exceed BRL9 billion (USD5.26 billion), CEO Luca Luciani is quoted by BNamericas as saying. Earlier this month CommsUpdate reported that TIM Brasil plans to invest BRL3 billion (USD1.75 billion) in 2012 alone, with a primary focus on improving its 2G, 3G and fibre-optic capacity. Luciani was quoted at the time 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 to spend USD5.26bn in 2012/14, CEO says
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