80 percent of the FTTH connections should be located where Vodafone already has television cables, especially in apartment buildings and apartment buildings. There, customers then have the option of switching to pure fiber optics. 20 percent are to be built where no Vodafone landline network is available. Vodafone boss Nick Read spoke of an important infrastructure investment that will help to achieve the federal government’s broadband goals. The government wants Germany to have nationwide fiber optic coverage by 2030.
In the joint venture deal, Vodafone is providing a moderate cash injection, with most of the investment being financed through the joint venture’s debt. Over the years, Vodafone has received up to 1.2 billion euros from Altice for access to television cable customers. The cash injection that Vodafone is giving to set up the company will reportedly be less than the total amount that the company will receive.