TOP NEWS: Vodafone Signs 5G Network Agreement With O2 Telefonica

(Alliance News) - Vodafone Group PLC on Wednesday said it has agreed to share 5G active equipment ...

Alliance News 24 July, 2019 | 8:30AM
Email Form

(Alliance News) - Vodafone Group PLC on Wednesday said it has agreed to share 5G active equipment with O2 Telefonica UK Ltd on joint network sites across the UK.

The FTSE 100-listed telecommunications firm said network sharing reaps the benefits of 5G and at the same time reduces the impact on the environment and lowers roll-out costs allowing more investment in services for customers.

Vodafone said it has also agreed with O2 to greater 5G network autonomy on 2,700 sites in 23 of the UK's larger cities. It gives both parties more flexibility to meet the needs of their customers and deploy future network technologies.

At these sites, Vodafone said each party will install their own radio equipment, fibre connection and power supply, whilst continuing to limit the environmental impact by sharing the physical elements such as the mast.

"We're driving our 5G roll-out forward with this agreement, and taking our customers, our business and the whole of the UK with us," said Vodafone UK Chief Executive Nick Jeffery.

"This agreement will enable us to roll-out 5G faster and more efficiently, benefiting customers while delivering value for our business," added Telefonica UK CEO Mark Evans.

Vodafone shares were trading 0.3% higher on Wednesday in London at 131.24 pence each.

By Evelina Grecenko;

Copyright 2019 Alliance News Limited. All Rights Reserved.

Email Form

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Vodafone Group PLC 155.38 GBX 0.65

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

Audience Confirmation

By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites