News in brief: Telecom Italia, EirGrid, PlanIT

Telecom Italia will acquire 71% of 4GH, Italy’s largest chain of specialist telephony retailers, for €8.3 million in a bid to expand its ‘on the ground’ presence. Private investors will hold onto the remaining 29% of the retailer and continue to run the company. 

A second UK to Ireland subsea cable is set to be deployed after electrical system operator EirGrid contracted fiber network provider Geo Networks to deploy a cable with 7 Terabits capacity. 

A Portuguese city is set to become Europe’s largest eco development , following a collaboration between green ICT developer PlanIT and Cisco to develop new business models for city management. The pair plans to use networking technology to boost sustainable living schemes.