Edition:
India

Vodafone & O2 Finalise 5G Network Agreement In UK


Wednesday, 24 Jul 2019 

July 24 (Reuters) - Vodafone Group PLC ::VODAFONE & O2 FINALISE 5G NETWORK AGREEMENT IN UK.AGREEMENT REACHED TO SPEED UP 5G ROLL-OUT WITH NEW SITE SHARING ACROSS UK.PROCEEDING TO EXPLORE POTENTIAL MONETISATION OPTIONS FOR PARTIES' 50:50 JOINTLY OWNED PASSIVE TOWER INFRASTRUCTURE.AGREEMENT TO SEE CORNERSTONE TAKE AN ADDITIONAL ROLE IN DEPLOYMENT OF BOTH NETWORKS AND LOOK TO CAPTURE FURTHER OPERATIONAL EFFICIENCIES.VODAFONE AND O2 WILL NOW PROCEED TO EXPLORE POTENTIAL MONETISATION OPTIONS FOR CORNERSTONE.VODAFONE AND O2 HAVE ALSO AGREED TO GREATER 5G NETWORK AUTONOMY ON APPROXIMATELY 2,700 SITES IN 23 OF UK'S LARGER CITIES.AT THESE SITES, EACH PARTY TO INSTALL OWN RADIO EQUIPMENT, FIBRE 'BACKHAUL' CONNECTION AND POWER SUPPLY. 

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