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Raute received an order worth EUR 30 million to Finland
2015-03-05 13:07:06| Paper - Topix.net
RAUTE CORPORATION STOCK EXCHANGE RELEASE 5 MARCH 2015 at 10:15 a.m. RAUTE RECEIVED AN ORDER WORTH EUR 30 MILLION TO FINLAND Raute Corporation has received an order worth EUR 30 million for the machinery and equipment of a Laminated Veneer Lumber production line from Stora Enso Wood Products Oy. The ordered LVL line will be delivered to Stora Enso's mill in Varkaus, Finland.
Italian cabinet approves EUR 6 bln national broadband plan
2015-03-04 09:35:00| Telecompaper Headlines
(Telecompaper) The cabinet of Italian prime minister Matteo Renzi has approved the EUR 6 billion plan to accelerate the development of a national high-speed fibre network after a period of consultation with operators. Under the terms of the Strategy for Italian Broadband and Digital Growth 2014-20, operators will be offered a series of incentives to invest in upgrading their networks, above all in the south of the country, which will receive the bulk of the Italian and European structural and development funds. The aim is to go beyond the objectives of the digital agenda for Europe and bring high-speed broadband of 100 Mbps to 85 percent of Italy's population by 2020, rather than the European goal of 50 percent, as well as 30 Mbps broadband to all Italians. According to Italian communications regulator AgCom, less than 1 percent of Italians currently access the internet at speeds of 30 Mbps, compared to an EU average of 21 percent. The government said tenders to build the networks will be awarded on the basis of how fast the work can be carried out rather than the cost. Presenting the plan, state secretary to the prime minister's office Graziano Delrio denied recent reports that Telecom Italia would be forced to switch off its copper network and convert to fibre.
Tags: plan
national
eur
italian
Abertis acquires Wind's Italian tower asset for EUR 693 mln
2015-03-02 08:26:00| Telecompaper Headlines
(Telecompaper) Spanish infrastructure company Abertis has announced the acquisition of 90 percent of the shares of the mobile tower unit of Italian operator Wind for EUR 693 million. The Italian subsidiary of Russia's Vimpelcom will retain a ten percent stake in Galata, the unit it set up last month consisting of 7,377 towers plus employees and related contracts. Wind confirmed that the transaction is expected to close within the first quarter of 2015, and that proceeds from the sale will used by the operator to further reduce its debts. In addition, Wind will enter into a 15-year tower services agreement with Galata for the provision of a broad range of services on the mobile tower sites as well as on sites subsequently built by Galata hosting Wind equipment. Abertis outbid rival offers from Mediaset-controlled EI Towers, Italian investment fund F2i and American Tower to secure Wind's tower asset.
Apple to invest EUR 1.7 bln in European data centres
2015-02-23 10:59:00| Telecompaper Headlines
(Telecompaper) Apple announced a EUR 1.7 billion plan to build and operate two data centres in Europe, each powered by 100 percent renewable energy. The facilities, located in County Galway, Ireland, and Denmark's central Jutland, will power Apple's online services, including the iTunes Store, App Store, iMessage, Maps and Siri, for customers across Europe. The new facilities will run entirely on clean, renewable energy sources from day one.
Telecom Italia to invest EUR 14 bln by 2017 in Italy, Brazil
2015-02-20 14:06:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has unveiled the details of a three-year business plan for 2015-2017 that envisages total investments of around EUR 10 billion in Italy and over EUR 4 billion in Brazil. The investment earmarked for the operator's domestic market includes around EUR 5 billion for what it describes as innovative developments (NGN, LTE, cloud computing, data centres, transformation activities and TI Sparkle, the company's international operator). One of the main objectives of the plan is to expand fibre-optic coverage to reach 75 percent of the Italian population by 2017 at a cost of EUR 2.9 billion. In addition, the operator will allocate EUR 900 million to accelerate 4G deployment to reach over 95 percent of the country's population over the next three years. In Brazil, total investments over the 2015-17 period will be increased to BRL 14 billion (over EUR 4 billion), allowing the company's local unit, TIM Brasil, to expand 4G coverage to over 15,000 localities, and 3G coverage to over 14,000 localities within the next three years.
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