Vodafone Germany to invest €2 billion in gigabit ultrafast fibre broadband

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Vodafone Germany to invest €2 billion in gigabit ultrafast fibre broadband

Vodafone Germany plans to invest approximately €2 billion by the end of 2021 in gigabit ultrafast fibre broadband services.13 Sep 2017

The services will deliver around 13.7 million new gigabit connections to German consumers and enterprises, Vodafone said.

Vodafone will work with partners to reach 100,000 companies on 2,000 business parks, and with local municipalities to reach around one million rural homes, it said. Existing cable infrastructure will also be upgraded to improve speeds in 12.6 million homes.

The investment will help local enterprises and communities "to move away from slow copper-based Internet services", the company said.

One quarter of broadband connections in Germany are still below 50Mbps, with only 2% of all broadband connections at gigabit speeds; and the number of enterprise bids that include fibre has doubled since last year, Vodafone said.

"With speeds of up to 1 gigabit per second, this investment will revolutionise the digital experience of homes and businesses across Germany," it said.

The company expects the investment to drive its service revenue growth rate up 2% from 2019-2020.