Vodafone Signals European Broadband Expansion

09 October 2007

NEWBURY, Berkshire: UK-headquartered mobile phone giant Vodafone has inked a €776 million ($1.09bn; £537m) deal to buy broadband businesses in Italy and Spain from Swedish telco Tele2.

They offer fixed line and broadband access to around three million customers across the two countries.

In Italy, around 44% of homes are expected to be hooked up to broadband by the end of this year, while in Spain that figure is likely to be 57%.

Comments Vodafone ceo Arun Sarin: "We have now established a clear route to delivering fixed broadband service in each of our major European markets."

Vodafone, in common with other mobile operators, has become interested in gaining control of fixed-line telecoms assets as it seeks to provide 'converged' mobile and residential broadband services to customers.

Data sourced from BBC Online; additional content by WARC staff