8th Nov 2013 17:17
LONDON (Alliance News) - Vodafone PLC will next week reveal the details of its GBP6 billion investment programme to bolster struggling businesses in its main markets, with most of the money going towards improving mobile and fixed line networks in countries like Germany, Italy and India, the Financial Times reports Friday.
About half the cash is expected to be invested in the acceleration of building superfast mobile networks across all its territories, the FT reports, quoting one person familiar with the plans. The next largest allocation will be for building and renting fixed broadband networks, while expanding retail distribution in countries such as the UK and boosting its enterprise business will also take additional investment, the FT said.
http://www.ft.com/cms/s/0/33a09cac-4874-11e3-8237-00144feabdc0.html#axzz2k4dZiPrY
By Steve McGrath; [email protected]; @stevemcgrath1
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