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TI to invest EUR3B in Brazil

Telecom Italia is to invest EUR3 billion (US$4.2 billion) in its Brazilian unit over the next three years to expand much of its mobile broadband network in the country, the firm’s chairman told a local newspaper yesterday

TIM Brasil sees Q2 net loss narrow

TeleGeography reports that Brazilian mobile group TIM Participacoes (TIM Brasil), a unit of Telecom Italia, yesterday reported second-quarter net losses of BRL15.2 million (US$8.3 million) in 2Q09