Vodafone, Orange Expand Spain Network-Sharing Agreement to Include 5G

Fecha : 25/04/2019 @ 05:25
Fuente : Noticias Dow Jones
Emisora : Orange. (ORA)
Cotización : 14.865  -0.005 (-0.03%) @ 08:07
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Vodafone, Orange Expand Spain Network-Sharing Agreement to Include 5G

Vodafone (LSE:VOD)
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By Adria Calatayud

 

Vodafone Group PLC (VOD.LN) and Orange (ORA.FR) will expand their current mobile-network agreement in Spain to include 5G, the U.K. telecommunications company said Thursday.

The expanded collaboration, which will cover the bigger cities, will result in 14,800 sites being shared, up from the 5,600 shared currently, Vodafone said. The FTSE 100-listed company said it expects to achieve operating-expenditure and capital-expenditure of at least 600 million euros ($671.5 million) over the next decade as a result of the new agreement.

Vodafone and Orange will extend their network-sharing agreement to cities with populations of up to 175,000 from towns of up to 25,000 people currently, the U.K. company said. Vodafone said it will be able to offer fiber and convergent services to an additional 1 million households over the Orange fiber network.

Vodafone said the expanded agreement is part of its network-sharing agreement and builds on recent deals with Telefonica SA (TEF.MC) in the U.K. and Telecom Italia SpA (TIT.MI) in Italy.

 

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

 

(END) Dow Jones Newswires

April 25, 2019 06:10 ET (10:10 GMT)

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