Telecom Italia, Fastweb eye 5G cost savings with Italy’s network deal

MILAN: Telecom Italia (TIM) and Swisscom’s Italian unit Fastweb are nearing a mobile network-sharing deal to cut costs of upgrading and operating their 5G infrastructure across Italy, ‌three sources said.

Italian telecom ‌firms are revamping their business model after losing nearly a third of revenue since 2010 and seeing post-investment cash flow ‌drop to zero from 10.5 billion ($12 billion) that year, industry group Asstel said.