BT Group PLC (LSE: BT) said it has agreed a deal with Vodafone Group PLC (LSE: VOD) under which it will transfer its consumer and small business broadband and voice customer base to Vodafone and provide wholesale network services to underpin Vodafone's business over a seven-year period.
BT will continue to focus on becoming the number one provider of networked IT services to mid and large sized businesses and the public sector in Ireland.
It said it will provide a platform for the delivery of up to 24Mbps broadband services to approximately two thirds of Ireland's available broadband lines by unbundling up to 58 additional exchanges. To date, BT has already unbundled 22 exchanges in the Republic of Ireland.
More than 84,000 consumers and 3,000 small businesses currently with BT will transfer to Vodafone over the next several months.
The value of the gross assets that are the subject of this transaction was €4.8 million at the end of March 2009.
The deal positions Vodafone as the clear number 2 in the fixed market with more than 170,000 fixed customers and a 15 percent market share of the fixed broadband market.
No comments:
Post a Comment