Vodafone Group Plc - VODAFONE & O2 FINALISE 5G NETWORK AGREEMENT IN UK
VODAFONE AND O2 FINALISE 5G NETWORK AGREEMENT IN THE
· Agreement reached to speed up 5G roll-out with new site sharing across the
· Each party have also agreed to greater 5G autonomy for 2,700 sites in larger cities.
· Proceeding to explore potential monetisation options for the parties' 50:50 jointly owned passive tower infrastructure.
Network sharing reaps the benefits of 5G and at the same time reduces the impact on the environment and lowers roll-out costs allowing more investment in services for customers.
Vodafone and O2 have also agreed to greater 5G network autonomy on approximately 2,700 sites in 23 of the
Today's agreement will see Cornerstone, the 50:50 joint venture company that owns and manages the parties' passive tower infrastructure, take an additional role in the deployment of both networks and look to capture further operational efficiencies. In addition, Vodafone and O2 will now proceed to explore potential monetisation options for Cornerstone.
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For further information:
Tel: 01635 693 693
O2 press office
Tel: 01753 565656
This information is provided by RNS, the news service of the
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