Vodafone Group PLC — M&A Activity 2014

Jul 23, 2014

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RNS Number : 1100N

Vodafone Group Plc

23 July 2014

23 July 2014

VODAFONE SPAIN AND ORANGE SPAIN UPDATE FIBRE SHARING AGREEMENT

Vodafone Group announces that Vodafone Spain and Orange Spain have updated their agreement to co-invest in fibre-to-the-home (FTTH) to three million homes and businesses across Spain by September 2015*.

Following Vodafone's acquisition of Ono**, which was announced in March 2014 and completed today, the two companies have agreed that:

-     the total number of homes and businesses to be jointly accessed by the two companies will remain three million overall;

-     the companies will collectively build FTTH to two million premises across Spain. As the joint deployment has already reached 800,000 premises across 12 Spanish cities, this means that the companies will jointly deploy fibre to an additional 1.2 million premises  in areas where the Ono high-speed fibre network is not present  by September 2015; and

-     in addition, Vodafone will provide Orange with wholesale access  to one million homes using the Ono network. This commercial agreement will take the overall number of premises jointly accessed to the total of three million.

The amended agreement also provides a mechanism for Vodafone and Orange to provide each other with wholesale access to future FTTH deployments across Spain on a reciprocal basis.

Philipp Humm, Vodafone's CEO of Europe, said: "Our partnership with Orange Spain complements our acquisition of Ono, ensuring a highly efficient deployment of high-speed broadband and bringing more competition to the Spanish market."

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*http://www.vodafone.com/content/index/media/vodafone-group-releases/2013/fibre_spain.html

** http://www.vodafone.com/content/index/about/about-us/policy/news-releases/ono.html

For further information:

Vodafone Group

Investor Relations	Media Relations
Tel:  +44 (0) 7919 990 230	www.vodafone.com/media/contact

About Vodafone Spain

Vodafone Spain provides a full range of unified communications services including voice, messaging, mobile data and fixed broadband. As of 31 March 2014, Vodafone Spain had 13.4 million mobile customers and more than 1 million fixed broadband customers. For more information, please visit: www.vodafone.es

About Vodafone Group

Vodafone is one of the world's largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone has mobile operations in 26 countries, partners with mobile networks in 52 more, and fixed broadband operations in 17 markets. As of 31 March 2014, Vodafone had 434 million mobile customers and 9 million fixed broadband customers. For more information, please visit: www.vodafone.com

This information is provided by RNS

The company news service from the London Stock Exchange

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