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4 months ago
BRIEF-Telecom Italia to invest up to 650 mln euros in spectrum license renewal
May 3, 2017 / 5:32 PM / 4 months ago

BRIEF-Telecom Italia to invest up to 650 mln euros in spectrum license renewal

May 3 (Reuters) - Telecom Italia Chief Executive Flavio Cattaneo tells analysts in a post-results call:

* group will need to invest 600-650 million euro in spectrum license renewal

* does not expect any particular changes in Italian mobile market in next 6-9 months before Iliad's arrival

* without shops, it's impossible to increase number of customers or have significant number of mobile clients in Italy

* network spin-off is not an option on the table Further company coverage: (Reporting by Milan newsroom)

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