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(Alliance News) - FTSE 100-listed Vodafone Group PLC on Wednesday said its UK unit has agreed a five-year deal with Virgin Media Ltd to bring new services, including 5G, to more than three million mobile customers.
The new mobile virtual network operator agreement, which runs until 2026, will see Vodafone supply wholesale mobile network services, including both voice and data, to Virgin Mobile and Virgin Media Business.
Telephone and internet services provider Virgin Media will also have full access to all of Vodafone's current services and future technologies.
Meanwhile, Vodafone noted Virgin Media's current agreement with BT Enterprise, which has been in place since January 2017, will come to an end in late 2021, at which point Virgin Media's mobile offering will transition to Vodafone.
"We are combining our strong heritage in innovation to create a world without limits for our customers through unlimited data offers and 5G," explained Vodafone UK Chief Executive Nick Jeffery.
"We've worked with BT to provide mobile services for many years and will continue to work together in a number of areas. We want our customers to have a limitless experience - it's now the right time to take a leap forward with Vodafone to grow further and faster," added Virgin Media boss Lutz Schuler.
Vodafone shares were trading flat in London on Wednesday at 161.96 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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