In another move that helps to secure its reputation as more than just a mobile service provider, Vodafone Group plc (NYSE: VOD) has announced an expansion of its gigabit fiber broadband activities in Europe.
In Ireland, its €450 million (US$477 million) Siro FTTH joint venture with utility firm ESB has launched a gigabit broadband service in the town of Carrigaline and plans to launch in 50 more. It faces FTTH competition from incumbent eir (the new brand name of eir ) and competitive fiber operator enet .
In Portugal, Vodafone is investing €125 million ($132 million) to expand the reach of its FTTH network to 2.75 million homes and businesses.
The operator is also teaming up with Orange (NYSE: FTE) to build a gigabit FTTH network in Spain that will reach more than 2 million homes and businesses, and so challenge Telefónica SA (NYSE: TEF), and is in talks with electricity company Enel SpA about a new FTTH network in Italy.
Vodafone takes the view that, to ensure future success, it needs to build not just high-speed next-generation mobile broadband infrastructure, but FTTH and next-generation cable broadband access networks too, all supported by high-capacity transport networks. To that end it has been investing heavily under its multi-billion-dollar Project Spring investment strategy.
The importance of gigabit broadband in Europe is growing: check out the coverage from Light Reading's Gigabit Europe 2015 event in Munich for more.
For more, see:
- Vodafone Expands Its Euro Gigabit Services
- How to 'Get Rich Slowly' the enet Way
- Ireland's Eircom Launches 1 Gbit/s FTTH
- Telefónica's Fiber Fix
- Vodafone, Portugal Telecom Strike FTTH Deal
- Eurobites: CityFibre Hooks Up With Vodafone
- Metro 100G In Demand
- Eurobites: Vodafone Spain Checks Out 400G With Alcatel-Lucent
- Europe's Fiber Sell-Off
- ONO Says Yes to Vodafone
- Vodafone Ups 'Project Spring' Capex to $11B+
— Ray Le Maistre, , Editor-in-Chief, Light Reading