The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Government, Operators Agree Investment Deal For UK Network

Mon, 09th Mar 2020 15:36

(Alliance News) - The UK's four largest mobile networks have agreed a deal with the government to invest in new and existing phone masts to improve coverage in rural areas.

The Shared Rural Network will see EE, O2, Three and Vodafone Group PLC work together to end poor mobile phone coverage.

The four networks will invest in new and existing phone masts, overseen by a jointly owned company called Digital Mobile Spectrum Limited, which they would all share.

The GBP1 billion deal is set to bring guaranteed coverage to 280,000 premises and 9,942 miles of roads.

The investment will also lead to indirect improvements in other areas over time, the government said, including better coverage on 27,962 miles of roads and indoor signals for around 1.2 million businesses and homes.

The networks will invest GBP532 million as part of the deal, with the aim of closing almost all partial not spots – areas where there is currently coverage from some operators, but not all.

The scheme will lead to increases in coverage in some areas by more than a third, the government said, with the biggest improvements in rural parts of Scotland, Northern Ireland and Wales.

The deal means network combined coverage will reach 95% of the UK by the end of 2025.

Digital Secretary Oliver Dowden said: "For too many people in the countryside a bad phone signal is a daily frustration.

"So today we're delivering on the prime minister's 100-day promise to get a GBP1 billion landmark deal signed with industry to end poor and patchy mobile rural coverage.

"This is an important milestone to level up the country, improve people's lives and increase prosperity across the length and breadth of our UK."

In response to the announcement, a spokesman for industry regulator Ofcom said: "We welcome this agreement, which will make a real difference to all mobile customers right across the UK.

"We are making the coverage commitments legally binding by including them in operators' licences.

"We'll also monitor and report on companies' progress in bringing better coverage to people and businesses."

Philip Jansen, chief executive of the BT Group PLC, which owns EE, said the Shared Rural Network is "something we can all be proud of".

O2 boss Mark Evans said: "The collaboration between the industry, Government and Ofcom should be seen as a leading example of how to deliver infrastructure investment and we look forward to now rolling the Shared Rural Network out as quickly as possible."

Three chief executive Dave Dyson described the deal as a "game-changer for the country".

Vodafone UK boss Nick Jeffery said: "A rural postcode should not be a barrier to receiving a decent mobile signal.

"Together, we have created a programme that is unmatched anywhere in the world. It will mean an end to mobile 'not spots' for people in the more remote areas, whether they are at home, at work or on the move.

"We will now get on with the job of delivering it."

source: PA

Copyright 2020 Alliance News Limited. All Rights Reserved.

Related Shares

More News
2 May 2024 07:03

Swisscom posts steady Q1 profit, says Vodafone Italia deal on track

May 2 (Reuters) - Telecoms group Swisscom reported a slightly lower first-quarter core profit on Thursday, but beat market expectations, as business...

2 May 2024 06:35

Swisscom plans completion of Vodafone Italia takeover in Q1 2025

May 2 (Reuters) - Swiss telecoms group Swisscom said on Thursday its takeover of Vodafone Italia is on track and expected to be completed in the fir...

16 Apr 2024 08:41

Vodafone appoints SAP's Marika Auramo as CEO of Business arm

(Alliance News) - Vodafone Group PLC on Tuesday said Marika Auramo has been appointed as chief executive of Vodafone Business.

16 Apr 2024 07:46

Vodafone taps SAP executive to lead business division

(Sharecast News) - Vodafone announced the appointment of Marika Auramo as chief executive of Vodafone Business on Tuesday, effective from 1 July.

4 Apr 2024 15:58

London close: Stocks manage gains ahead of US payrolls report

(Sharecast News) - London markets closed higher on Thursday, driven by a robust showing from the mining sector and as investors contemplated the UK se...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.