Telecom Italia does not plan to enter new markets in Latin America, but rather focuses on expanding its businesses in Brazil and Argentina, Dow Jones reports, citing Telecom Italia chief executive Franco Bernabe.

“Our presence in Brazil and Argentina, which are large markets, require a lot of investment in infrastructure and that means we have a lot on our hands to think about geographic expansion,” Bernabe said at a press conference. Telecom Italia has subsidiaries in Brazil (TIM Brazil), as well as Argentina and Paraguay, through its stake in Telecom Argentina. TIM will invest in fixed-line infrastructure in Brazil through its fibre optic unit Intelig to support the growth of its mobile business, Bernabe said.

See the TIM Brazil record in Latin Target.

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