O2 and Vodafone to share network and cut costs
A deal was announced yesterday between O2 and Vodafone whereby they plan to share a pan-European network that includes Spain, Ireland, Germany, and the United Kingdom over the next 10 years.
As part of a cost cutting exercise it means they will be jointly building new sites for base stations within the UK as well as being able to consolidation of the existing for both the 3G and 2G networks.
This agreement between the two rivals will translate to a saving of what has been described as hundreds of millions of pounds which in part could be used to provide a cheaper service to customers.
The mobile providers have indicated that this will also mean better coverage for consumers although it will also mean that thousands of masts that overlap will be decommissioned.
The link between Vodafone and O2 who have a total of 549 million customers would have been unimaginable prior to the downturn, although this may be great news for the government as it could lead to a huge step in achieving the aim of universal broadband access.
The deal between the two giant network providers is further evidence that both companies are looking safeguard shareholder interests.
Visited 2414 times, 1 so far today
Comments (0)
Trackback URL | Comments RSS Feed
There are no comments yet. Why not be the first to speak your mind.