23rd Dec 2019 09:16
(Alliance News) - Vodafone Group PLC is nearing a deal that will see a "huge" investment in full-fibre lines, the Financial Times reported Sunday.
The agreement, with Goldman Sachs-backed CityFibre, would put the investment back on the agenda after it was shelved amid fears of a Labour victory in the UK general election.
Labour had promised to nationalise a number of sectors, including telecommunications.
https://www.ft.com/content/12ac05fc-231c-11ea-b8a1-584213ee7b2b
Vodafone shares were 1.2% lower in London on Monday morning at 148.95 pence each.
By George Collard; [email protected]
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