Tuesday, February 27

Vodafone and Altice in German tie-up to bring fiber broadband to homes


Article content

LONDON — Britain’s Vodafone and France’s Altice said they would create a joint venture in Germany named FibreCo to provide faster fiber broadband to up to 7 million homes over a six-year period.

Vodafone said in a statement on Monday that FibreCo, which will provide fiber-to-the-home connectivity, would invest up to 7 billion euros to build the network, and that the project was in line with its plan to upgrade Vodafone’s existing hybrid fiber cable network.

Article content

Both companies will own 50% in FibreCo in a deal that will be subject to regulatory approval and expected to close in the first-half of 2023. (Reporting by Sarah Young; Editing by Kate Holton)



financialpost.com