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Vodafone, Portugal Telecom Team Up To Deploy And Share Fibre Networks(dpa-AFX International Compact Via Acquire Media NewsEdge) NEWBURY (dpa-AFX) - British telecom giant Vodafone Group Plc. (VOD.L, VOD) Monday said Vodafone Portugal and Portugal Telecom SGPS SA (PT) have agreed to deploy and share fibre networks reaching 900,000 homes in Portugal. The deal, effective from December 2014, runs for 25 years, and will enable both companies to provide high-speed data services to an additional 450,000 homes and businesses throughout Portugal. Portugal Telecom will add significant 'time to market' benefits and will enable Vodafone Portugal to offer high-speed broadband, fixed telephony and television services to almost 2 million homes by the end of 2015. Both the companies will maintain complete autonomy and flexibility in creating their respective retail offers under the agreement. Philipp Humm, Vodafone's CEO of Europe, commented: "This fibre sharing agreement is significant as it accelerates our fibre-to-the-home roll-out plans and enables us to bring converged products and services to almost half a million more homes and businesses across Portugal." Copyright RTT News/dpa-AFX |