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Vodafone earmarks $2.4bn for broadband expansion in Germany

Vodafone has again demonstrated its commitment to broadband this week, setting aside €2bn ($2.4bn) in capex to drive 13.7m new ultrafast fiber connections in Germany by the end of 2021 – a plan which has clearly proved much easier to slide past regulators compared to similar attempts on the UK telco’s home soil. The cash pledge covers three plans of action, Giga-Business, Giga-Municipality and Giga-Cable – of which Giga-Business is set to receive the largest funding injection as Vodafone prioritizes targeting new business customers. Giga-Business will account for €1.6bn ($1.9bn) of the total broadband funding pot over the four-year time frame, heavily outweighing the €200m ($240m) assigned to its urban consumer cable project Giga-Cable and between €200m and €400m ($240m…

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