Vantage Towers signs long-term deal with 1&1
Vantage Towers has signed a long-term contract with 1&1 to build Germany’s fourth mobile network.
Vantage Towers will be providing 1&1 access to up to at least 3,800 and potentially up to 5,000 existing sites throughout Germany for the next 20 years.
The first sites will be made available next year with the aim of ensuring access to at least 3,800 sites by the end of 2025.
The contract has a first term until the end of 2040 with the option for 1&1 to extend until 2060.
Vivek Badrinath, CEO of Vantage Towers said: “The partnership with 1&1 is another important milestone for us, and it demonstrates our ability to attract exciting organic growth opportunities.
“By co-locating on our sites, 1&1 can proceed with a timely launch of its 5G network cost-effectively and with high quality. We’re delighted to be supporting the fast roll-out of 5G in Germany and a sustainable digital transformation in Europe.”
Following its successful participation in the 5G frequency auction, 1&1 is in the starting blocks for the construction of an innovative mobile network based on the new OpenRAN technology.
This deal builds on the national roaming agreement it signed with Telefonica Deutschland in May 2021 to offer its customers nationwide reception.
Ralph Dommermuth, CEO of 1&1 AG said: “With Vantage Towers, we have gained a strong partner for the passive infrastructure of our 5G mobile network.
“By cooperating with established tower companies, we want to primarily use existing antenna sites. This is environmentally friendly, conserves resources and at the same time accelerates our rollout.”