By editorial@silicon.com, 28 September 1998 15:20
NEWS Telecom Italia has announced a three-year business plan which will see it focus on international markets and on providing high-bandwidth data connections. The plan, which takes effect next year, includes a L40,000bn investment programme and a projected growth in turnover of 7 per cent per year. The Italian telecoms group aims to double the proportion of its revenues generated by international operations to 30 per cent of its total turnover. It said it is conducting "positive discussions" with Cable & Wireless and its Unisource partners, with a view to setting up a global network, and has reportedly bought a controlling interest in 9 Telecom, a subsidiary of the French Bouygues group. Telecom Italia said it will bundle its data, Internet and digital TV services into an integrated package, generating an estimated L10,000bn in 2001. It hopes to have secured almost half the Italian Internet access market by then, supplying a projected three million ISDN lines and 20,000 fibre-optic and ADSL (asymmetric digital subscriber line) connections.
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