TIM Capex touches €1.9 bn to grow FTTH and 5G

TIM Group said capital expenditures for mobile spectrum and network touched €1.906 billion in the first half of 2022 against €1.808 billion in H1 of 2021.
TIM Capex Q2 2022
TIM did not reveal the network related capital expenditure.

TIM Italy Business Unit posted Capex of €1.478 billion in H1, up €13 million compared to the first half of 2021, mainly due to the development of the FTTC/FTTH networks.

TIM Brazil Business Unit posted capital expenditures of €428 million in the first half of 2022 against €343 million in the first half of 2021.

TIM Group has confirmed total Capex of €4 billion for 2022 including €3.2 billion in Italy.

At June 30, 2022, TIM fixed networks business reached over 94 percent of customers by FTTH or FTTC networks; in the white areas, the percentage stands at around 76 percent. Growth of TIM’s FTTH coverage has reached 28 percent of property units.

TIM’s 4G network covers more than 99 percent of the national population. TIM’s 5G network at June 30, 2022 reached 110 municipalities. TIM does not reveal the specific investment in 5G network or ARPU from its 5G business.

In H1 2022, the volume of data handled on TIM’s mobile network grew 47.8 percent compared with the same half of 2021.

The fiber network of Sparkle, the TIM Group global operator, connects Europe, Africa, the Americas and Asia offering a transmission capacity of up to 100 Gbit/s for the bandwidth managed and 400 Gbit/s for IP transmission.

TIM Group revenues fell 1.4 percent to €3.9 billion showing improvement as compared to 4.5 percent drop in the previous quarter. TIM Group service revenues were €3.6 billion, up 1.0 percent in the second quarter of 2021, an improvement compared to the previous quarter’s drop of 2.5 percent.

TIM Group said the number of TIM mobile lines was 30.4 million, up by 32,000 units QoQ. During the second quarter, the churn rate in the mobile segment came in at the lowest levels seen in the last 16 years (3.3 percent, -0.4pp YoY). There was improvement in the churn rate in fixed business (3.3 percent, -0.1pp YoY).

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