TIM and Open Fiber pick up €3.4 billion in broadband funding

Italian telcos TIM and Open Fiber have won government funding worth a total of €3.4 billion to roll out high-speed fixed broadband to uneconomic areas of the country.
Italy’s Ministry for Technological Innovation and Digital Transition (MITD), headed up by telecoms veteran Vittorio Colao, has announced the results of its Italia 1 Giga tender, through which it offered  close to €3.7 billion in funding to telcos willing to tackle connectivity in tricky places.
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