LONDON: Vodafone and Altice launched a joint venture on Monday to challenge Deutsche Telekom by building a €7 billion fibre broadband network in Germany.
FibreCo will invest up to €7 billion on the six-year project, which is expected to be 70 per cent financed by debt. "This partnership builds on Vodafone's significant next-generation network with Altice's industrial expertise and proven fibre-to-the-home construction capabilities," said Vodafone Chief Executive Nick Read.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vodafone and Altice launch 7 billion euro German broadband companyLONDON -Britain's Vodafone and France's Altice launched a joint venture on Monday to challenge Deutsche Telekom and build a 7 billion euro ($6.8 billion) fibre broadband network in Germany.Vodafone said the FibreCo venture would build a 'fibre-to-the-home' broadband network available to 7 million German home
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Vodafone and Altice launch 7 billion euro German broadband companyLONDON -Britain's Vodafone and France's Altice launched a joint venture on Monday to challenge Deutsche Telekom and build a 7 billion euro ($6.8 billion) fibre broadband network in Germany.Vodafone said the FibreCo venture would build a 'fibre-to-the-home' broadband network available to 7 million German home
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »