Vodafone Group Plc (VOD, VOD.L) announced that it has signed an agreement with Orange to co-invest in fibre to the home deployment in Spain, with the intention to reach 6 million households and workplaces across 50 major cities by September 2017. The agreement is also open to third parties willing to co-invest.
As per the terms of the agreement, Vodafone and Orange will each deploy street-level fibre in complementary geographies. The fibre will be owned independently but will share the same technical specifications to ensure compatibility as a single network, and each partner will have guaranteed access to the whole infrastructure.
Vodafone and Orange will provide Spanish consumers with a fibre to the home network, commercially available from January 2014, reaching 800,000 households and workplaces by March 2014; 3 million households and workplaces by September 2015; and 6 million households and workplaces by 2017.
The combined capital expenditure required to reach 6 million households and workplaces is expected to reach 1 billion euros.
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