Vodafone and Wind sign letter of intent for Italy fibre network

Vodafone Italia and Wind have signed a letter of intent with shareholders of broadband firm Metroweb to build a fibre optic network in Italy.

The project is open to other operators and investors that aim to pursue the goals set by the government to roll out a broadband network across the country.

In March 2015 the Italian government approved a €6 billion plan to boost high-speed networks in the country. 

Telecom Italia was said to be in talks with the government in May 2015 to purchase partly state-owned Metroweb. However its proposal was turned down by its owners who favoured opening up the company’s capital to all operators. 

Under the three-year investment programme, Telecom Italia will spend approximately €10 billion in Italy and over €4 billion in Brazil on faster broadband.