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Stock impact report

TIM to extend 5G services to six more Italian cities by year-end [Reuters (UK)]

TELECOM ITALIA (TI.A) 
US:NYSE Investor Relations: telecomitalia.com/tit/en/investors.html
Company Research Source: Reuters
TIM to extend 5G services to six more Italian cities by year-end - Reuters 1 Min Read ROME (Reuters) - Italy’s biggest phone company, Telecom Italia (TIM), plans to extend 5G services to six more Italian cities as well as dozens of tourist spots and business hubs by the end of the year. The former monopoly unveiled its 5G mobile services plan on Friday. It is also negotiating with rival Vodafone to share 5G infrastructure to deliver services at a lower cost across wider areas of the country. TIM has already begun 5G services in Rome, Turin and Naples, is testing them in southern cities of Matera and Bari and plans to move next in Milan, Bologna, Verona and Florence by year-end. The group plans to cover 120 Italian cities within two years, or 22% of the population, it said in a statement. TIM will offer tiered data-download packages to consumers and business clients, rather than unlimited data plans, according to details of its offers outlined on Friday. Reporting by Elvira Pollina; Ed Show less Read more
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