Vodafone Group Plc VODAFONE PORTUGAL & NOS FIBRE NETWORK SHARE AGMT
October 02 2017 - 1:00AM
RNS Non-Regulatory
TIDMVOD
Vodafone Group Plc
02 October 2017
2 October 2017
VODAFONE PORTUGAL AND NOS FIBRE NETWORK SHARE AGREEMENT IN
PORTUGAL
Vodafone Group announces that Vodafone Portugal and NOS have
signed an agreement to deploy and share a fibre-to-the-home network
which will be marketable to around 2.6 million homes and businesses
in Portugal. The two companies will provide reciprocal access to
each other's networks on commercially agreed terms.
The key terms of the agreement are:
-- The total number of homes and businesses to be shared by the
two companies will be around 2.6 million covering both existing and
greenfield areas.
-- Vodafone Portugal will gain access to 1.3 million homes and
businesses in new areas, consisting of new fibre builds in NOS's
current cable footprint, NOS's existing fibre reach in areas
greenfield to Vodafone, and building homes in new areas. This will
increase its total coverage from 2.7 million to around 4.0 million,
representing 80% of the households in the country.
-- Each party will deploy, but not share, the link between the
central office and the fibre backbone, active equipment and CPEs.
Customer connections and activations will be independent of each
other.
-- Marketing of services across the joint network will commence
from the beginning of calendar 2018. Both Vodafone Portugal and NOS
will maintain complete autonomy and flexibility in respect of their
respective retail offers.
The agreement is consistent with Vodafone Group's fixed
infrastructure strategy, which aims for an optimal mix of build,
strategic partnerships, wholesale and buy approaches. As a result
of this strategy, Vodafone can already market high-speed services
to 98 million homes across Europe, and this agreement extends this
to over 100 million.
Notes:
Vodafone Portugal's current fibre-to-the-home deployment
programme, reached 2.7 million homes as of June 2017 (1.8 million
through self-build, 0.5 million via reciprocal access with MEO, 0.2
million acquired from NOS following the Optimus/Zon merger remedies
and 0.2 million via a wholesale agreement with MEO). The company
has 4.7 million mobile customers and around 550,000 fixed broadband
customers.
- ends -
For further information:
Vodafone Group
Media Relations Investor Relations
www.vodafone.com/media/contact Telephone: +44 (0) 7919
990 230
About Vodafone Group
Vodafone Group is one of the world's largest telecommunications
companies and provides a range of services including voice,
messaging, data and fixed communications. Vodafone Group has mobile
operations in 26 countries, partners with mobile networks in 49
more, and fixed broadband operations in 17 markets. As of 30 June
2017, Vodafone Group had 523.5 million mobile customers and 18.5
million fixed broadband customers, including India and all of the
customers in Vodafone's joint ventures and associates. For more
information, please visit: www.vodafone.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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