Italy's Wind to invest 1 billion euros in 4G network with Huawei

MILAN (Reuters) - Italy's No. 3 mobile phone company Wind said on Friday it will invest 1 billion euros ($1.3 billion) to build an ultra-fast fourth-generation (4G) network in Italy as part of a deal with China's Huawei and another Italian partner. Huawei and Italy's Sirti will provide technologies and know-how for Wind's network, the companies said in a joint statement. "This new considerable investment follows last year's purchase of the LTE (Long Term Evolution) frequencies," Wind CEO Maximo Ibarra said in the statement. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/italys-wind-invest-1-billion-euros-4g-network-111408432--sector.html