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TIM and Infratel ink deal to accelerate fibre rollout in underserved areas

2020-04-03 09:27:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) has reached an agreement with Italy's state-owned infrastructure firm Infratel to speed up the development of superfast internet in underserved parts of the country and address the need for a more efficient network during the coronavirus lockdown. In a statement, the partners said Infratel will provide fibre-optic backbone infrastructure in 8 regions (Abruzzo, Sardinia, Tuscany, Puglia, Calabria, Lazio, Lombardy and Marche), with TIM subsequently delivering local loops to street cabinets and installing electronics components.

Tags: areas deal tim ink

Proximus lowers dividend to accelerate investment in fibre roll-out

2020-03-31 09:30:00| Telecompaper Headlines

(Telecompaper) Belgian operator Proximus has unveiled its new strategic plan #inspire2022 at its Capital Markets Day. The new CEO Guillaume Boutin plans to focus on increased capital investment in order to accelerate growth. The company is launching 5G services using existing spectrum, plans to add up to 1 million more fibre premises passed to its targets and is seeking a greater presence in the wholesale and business markets. The extra investment will result in a lower dividend in the year to come.

Tags: investment dividend fibre accelerate

Schlumberger, Halliburton to Accelerate Capex Cuts in Anticipation of Slowdown

2020-03-24 18:30:00| OGI

Schlumberger and Halliburton plan to accelerate cost-cutting in hopes of significantly reducing spending this year, executives from the two major oilfield services firm said during a conference on March 24.

Tags: cuts accelerate anticipation slowdown