Vodafone’s owner, Zegona Communications, says the deal is a key milestone to transforming the operator in Spain
Zegona Communications, owner of Vodafone Spain, Telefónica de España and Bluevia Fibra have signed a binding five-year contract.
Earlier this year, Zegona announced it had signed a non-binding agreement to create fibrecos with Telefónica and MasOrange, and a non-binding term sheet for a new fibre wholesale agreement with Telefónica.
The combination of these three deal was intended to complete the transformation of Vodafone’s fixed line strategy to deliver FTTH nationally. Zegona said in a statement, “Today’s announcement delivers a key component of that strategy.”
The new contract will come into force on 1 January next year and replaces the current wholesale agreement which expires at the end of this year. The new terms “will deliver significant economic benefits to Vodafone Spain alongside enhancing core operational processes and improving customer experience,” according to Zegona.
Eamonn O’Hare, Chair and CEO of Zegona (pictured), commented, “This new contract complements the Telefónica fibreco which was also signed today. Both contracts cement our long-term partnership with Telefónica, deliver significant economic benefits and represent key milestones in our journey to transform Vodafone Spain.”