Close
Close

Published

Vodafone pledges pot of gold to broadband – on condition 40% sign up

Vodafone has again demonstrated its commitment to broadband this week, setting aside €2 billion ($2.4 billion) in capex to drive 13.7 million 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 €1.6 billion ($1.9 billion) of the total broadband funding pot over the four-year time frame, heavily outweighing the €200 million ($240 million) assigned to its urban consumer cable project…

Close