Vodafone Spain and MasOrange have officially signed a binding agreement to launch a new fibre network company in Spain.
Having signed a non-binding agreement to work together last July, the pair have committed to creating a joint fibre-to-the-home (FTTH) network in what could become the largest FibreCo in Europe.
According to a statement, the proposed FibreCo would cover 12.2 million sites across the country, providing FTTH services to over 4.5 million Vodafone Spain and MasOrange customers.
Eamonn O’Hare, CEO and chair of Zegona, Vodafone Spain’s parent company, said: “Entering this FibreCo partnership with MasOrange, alongside our recently announced agreements with Telefonica, transforms Vodafone Spain’s fixed line strategy.
The combination will give guaranteed access to a future-proof all-fibre national network with attractive economic terms and will enable substantial cost savings across the business.”
