Vodafone to increase network investment in the UK to £1 billion
Vodafone is set to increase investment in its UK network by over 50% to almost £1 billion this year.
The company is planning to launch 4G services in the UK and compete with EE, which is presently the only operator to offer the next-generation standard in the UK. Vodafone is also in the process of integrating Cable&Wireless Worldwide, which it acquired last year.
It has delayed its 4G network until the end of July, after chief executive Vittorio Colao said it was aiming to ensure the best and broadest coverage before launching the service.
According to the Financial Times, Vodafone also needs to invest in Cable&Wireless Worldwide as the company’s networks have suffered from under investment. The company aims to integrate the company with its existing business.
Vodafone will reveal its plans this week, and will increase spending by more than £300 million, up from a reported £600 million it spent last year.
The company acquired the widest portfolio of available spectrum in the recent Ofcom auction, and has indicated network quality is essential in differentiating its offering from rival offers.
Guy Laurence, Vodafone UK chief executive said: “This investment is further evidence of our commitment to deliver our best ever network. We’re bringing together the best of mobile and fixed communications to help our business customers make their communications work for them.”