LONDON (Alliance News) - Vodafone Group PLC said Monday that Vodafone Portugal has inked an agreement with Portugal Telecom SGPS SA to deploy and share fibre networks to 900,000 homes in Portugal.
The deal begins in December and will run for five years. It will allow each company to offer services to an additional 450,000 homes and businesses.
Vodafone said the agreement it compliments its unified communication strategy and fibre-to-the-home deployment programme in Portugal. The deployment programme aims to reach 1.5 million homes by the middle of 2015 and has already reached 1 million, Vodafone said. Vodafone said that the deal would allow it to offer high-speed broadband, fixed telephony and television services to nearly 2 million homes by the end of 2015.
The two companies will remain completely autonomous, the company said, and will maintain flexibility in designing their respective retail offers.
"This fibre sharing agreement is significant as it accelerates our fibre-to-the-home roll-out plans and enables us to bring converged products and services to almost half a million more homes and businesses across Portugal," said Vodafone Europe Chief Executive Phillip Humm in a statement.
No financial details of the deal were disclosed.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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