Vodafone and Altice Europe N. V invest 7 billion euro in construction a broadband network to Germany

The German division of Vodafone Group plc and the French Altice Europe N. V will create joint venture for expansion of a network of high-speed fiber-optical communication to Germany, is spoken in the joint press release of companies. The joint venture will be called as FibreCo, to companies will belong in it on 50%. Within six years company plans to connect to a network the high-speed Internet to 7 million houses to Germany. Investments in the enterprise will make about 7 billion euro, these about 70% of investments will be financed at the expense of a new debt. It is expected that the joint venture will be created in the first half 2023...