Vodafone Group Plc UPDATE OF SPANISH FIBRE SHARING AGREEMENT (1100N)
July 23 2014 - 6:30AM
UK Regulatory
TIDMVOD
RNS Number : 1100N
Vodafone Group Plc
23 July 2014
23 July 2014
VODAFONE SPAIN AND ORANGE SPAIN UPDATE FIBRE SHARING
AGREEMENT
Vodafone Group announces that Vodafone Spain and Orange Spain
have updated their agreement to co-invest in fibre-to-the-home
(FTTH) to three million homes and businesses across Spain by
September 2015*.
Following Vodafone's acquisition of Ono**, which was announced
in March 2014 and completed today, the two companies have agreed
that:
- the total number of homes and businesses to be jointly
accessed by the two companies will remain three million
overall;
- the companies will collectively build FTTH to two million
premises across Spain. As the joint deployment has already reached
800,000 premises across 12 Spanish cities, this means that the
companies will jointly deploy fibre to an additional 1.2 million
premises in areas where the Ono high-speed fibre network is not
present by September 2015; and
- in addition, Vodafone will provide Orange with wholesale
access to one million homes using the Ono network. This commercial
agreement will take the overall number of premises jointly accessed
to the total of three million.
The amended agreement also provides a mechanism for Vodafone and
Orange to provide each other with wholesale access to future FTTH
deployments across Spain on a reciprocal basis.
Philipp Humm, Vodafone's CEO of Europe, said: "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."
- ends -
*http://www.vodafone.com/content/index/media/vodafone-group-releases/2013/fibre_spain.html
**
http://www.vodafone.com/content/index/about/about-us/policy/news-releases/ono.html
For further information:
Vodafone Group
Investor Relations Media Relations
Tel: +44 (0) 7919 990 230 www.vodafone.com/media/contact
About Vodafone Spain
Vodafone Spain provides a full range of unified communications
services including voice, messaging, mobile data and fixed
broadband. As of 31 March 2014, Vodafone Spain had 13.4 million
mobile customers and more than 1 million fixed broadband customers.
For more information, please visit: www.vodafone.es
About Vodafone Group
Vodafone is one of the world's largest telecommunications
companies and provides a range of services including voice,
messaging, data and fixed communications. Vodafone has mobile
operations in 26 countries, partners with mobile networks in 52
more, and fixed broadband operations in 17 markets. As of 31 March
2014, Vodafone had 434 million mobile customers and 9 million fixed
broadband customers. For more information, please visit:
www.vodafone.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGREAEXDAASLEFF
Vodafone (LSE:VOD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Vodafone (LSE:VOD)
Historical Stock Chart
From Apr 2023 to Apr 2024