5/7/2019, 9:05 AM (Source: TeleTrader)
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Vodafone, Telefonica Deutschland sign broadband deal

Vodafone Group Plc and German telecom operator Telefonica Deutschland have signed a deal which will see the former supply the latter with high-speed broadband, media reported on Tuesday.

Under the terms of the deal, Telefonica will be able to offer broadband services to customers on Vodafone and rival Unitymedia's cable network in Germany, which covers around 24 million households. It will be permitted to offer high-speed broadband as well as over-the-top TV services, which includes streaming media such as Netflix.

The move is part of Vodafone's efforts to gain approval from the European Commission (EC) for its acquisition of Liberty Global Plc, whose operations in Germany, Hungary, Romania and the Czech Republic it bought in May last year for a total value of around €19 billion. The deal was subsequently investigated by the EC over concerns that it reduced innovations in telecoms and provided customers with fewer choices. The broadband deal is part of a remedy package submitted by Vodafone to the EC which will undergo market testing and is expected to be completed by May this year.

Breaking the News / DZ