LONDON--Vodafone Group PLC (VOD.LN) said Wednesday it updated an
agreement with Orange S.A. (ORA.FR) to roll out high-speed fiber
broadband across Spain in light of Vodafone's completed acquisition
of Spanish cable operator Ono S.A.
The companies unveiled the project, which will see them deliver
high-speed internet to a planned three million homes and businesses
by September 2015, last March.
Vodafone will provide Orange with wholesale access to a million
homes using Ono's network, Vodafone said. In addition, the
agreement now includes a way for Vodafone and Orange to provide
each other with wholesale access to future fiber broadband
deployments in Spain.
"Our partnership with Orange Spain complements our acquisition
of Ono, ensuring a highly efficient deployment of high-speed
broadband and bringing more competition to the Spanish market,"
said Vodafone's Chief Executive of Europe, Philipp Humm.
Vodafone shares at 1040 GMT were up 0.95%; Orange shares gained
0.34% .
Write to Ed Ballard at ed.ballard@wsj.com
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