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Vodafone to spend 2 bln euros on German fibre network


LONDON/FRANKFURT (Reuters) - Vodafone is to spend about 2 billion euros ($2.4 billion) on providing new ultrafast fibre broadband connections to homes and businesses in Germany, throwing down the gauntlet to rivals, including former state-owned monopoly Deutsche Telekom.The British company said on Monday it is to invest 1.4-1.6 billion euros in a so-called Giga-Business project to connect 100,000 companies in 2,000 business parks in Germany, teaming up with Deutsche Glasfaser and other specialist fibre and infrastructure players.It aims to spend a further 200-400 million euros on partnering ...

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First Published: Mon, September 11 2017. 22:23 IST