Vodafone signs deal with Orange to invest in infrastructure in Spain
Vodafone Spain has signed an agreement with fellow telecoms company Orange to co-invest in street-level 'fibre', a type of horizontal infrastructure, in the country.
Vodafone Spain has signed an agreement with fellow telecoms company Orange to co-invest in street-level 'fibre', a type of horizontal infrastructure, in the country.
Although the fibre will be owned independently, the companies will share the same technical specifications to ensure compatibility as a single network, and each partner will have guaranteed access to the whole infrastructure.
The technology is intended to reach six million households and workplaces across 50 major cities by September 2017, costing a total of one billion euros.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The companies, which are also deploying their own in-building vertical infrastructure, are planning to reach 800,000 households and workplaces by March 2014, three million by September 2015.
Vodafone Chief Executive for the Southern Europe region, Paolo Bertoluzzo, said: "I am delighted to announce our plans to work with Orange to deploy fibre networks across Spain. This agreement demonstrates Vodafone's commitment to provide high-speed unified communications services to our customers coupled with our willingness to invest when there are positive returns."
Vodafone added that the programme is open to third party investors.
Vodafone's share price was 1.03% lower at 183.10p by 12:52 Wednesday.
NR
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Barclays begins paying up to £100 compensation to customers after banking outage
Barclays will pay up to £7.5 million in compensation to customers after its banking services were disrupted by an IT outage
By Daniel Hilton Published
-
Review: Shangri-La Paris – an ode to the world’s best food
Natasha Langan enjoys fine French and Chinese cuisine at the Shangri-La Paris
By Natasha Langan Published