A joint venture between Italian mobile operators Vodafone and TIM has won six lots of funding with a combined value of €345 million.
The Italian government’s implementing body for its 5G infrastructure project, Infratel, has announced that INWIT Infrastructure Wireless has won the latest bid for 5G infrastructure funding. INWIT is a joint venture between Vodafone and Telecom Italia (TIM).
Previously, TIM was the first company to secure funding. The government will fund up to 90% of the cost of 5G infrastructure which targets the digital divide by expanding rural networks.
Funds for the programme will be provided by the European Commission’s Recovery and Resilience Facility (RRF). The EU approved Italy’s infrastructure plan in April.