Vodafone and Telefonica have confirmed recent speculation that they are to share network infrastructure across Europe in what is considered the largest ever deal of its kind. UK-based Vodafone and Spain’s Telefonica said in a joint statement this morning they would share mobile network assets in four European markets where both have operations – Germany, Spain, Ireland and the UK – while discussions are ongoing to extend the agreement to a fifth market, the Czech Republic.
Vodafone Italia has signed an agreement with Telecom Italia for sharing transmission sites, reports Telecompaper.
Twenty-five bosses of the world’s top mobile companies have signed a letter delivered to leaders of the G20 nations yesterday, pledging to invest hundreds of billions of dollars in mobile broadband development globally – a move they claim could create 25 million jobs and help lift the world out of recession – in return for a more stable regulatory environment and allocation of new spectrum.
Telefonica is open to reaching agreements with competitors to share networks, make joint investments or develop new services, in line with the mobile network sharing agreement signed recently with Vodafone, according to a Dow Jones Newswires report.
Dow Jones Newswires reports that the local units of Spain’s Telefonica and Mexico’s America Movil will maintain their plans to invest a total of US$205 million in Ecuador this year to improve services, technology and coverage.