23rd Jul 2014 10:55
LONDON (Alliance News) - Vodafone Group PLC said Wednesday that it has updated its Spanish fibre sharing agreement with France Telecom España SAU, known as Orange España, following the completion of its acquisition of Grupo Corporativo Ono SA.
The two companies agreed to keep their total target to three million homes and business overall across Spain by September 2015. The two will collectively build fibre-to-the-home connections for two million premises in which Ono's high-speed fibre network is not currently present.
It has already reached 800,000 premises across 12 Spanish centres, as part of that two million.
Additionally, Vodafone will provide Orange with wholesale access to one million homes using the Ono network, taking the access to the full three million.
Vodafone said that the amended agreement provides a mechanism for Vodafone and Orange to provide one another with wholesale access to future fibre-to-the-home deployments across Spain on a reciprocal basis.
"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 Chief Executive of Vodafone Europe Philipp Humm in a statement.
Shares in Vodafone were trading up 0.9% at 197.39 pence Wednesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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