Vodafone Australia to Spend Up to $1 Billion on Network Upgrades
Published on: 18th Feb 2013
Note -- this news article is more than a year old.
Vodafone Australia could spend up to AU$1 billion during this year on network upgrades as the company continues to try and recover its much damaged reputation in the country.
The company has already spent AU$1.7 billion on a major network upgrade promoted by a number of high-profile network outages in 2010 that lead to around a million customers leaving the network over the past two years.
"We are going to spend more this year than we have ever spent in our history in a single year of investing into the network," Vodafone chief executive Bill Morrow told The Australian newspaper.
Bill Morrow was brought in by Vodafone last year to help turn around the company, which also plans to launch LTE services in the first half of this year.
At the time he warned the co-owners of the network, Vodafone and Hutchison Whampoa that the turnaround process would take time, and cost money. He is understood to have secured the necessary shareholder funds, but in exchange for cost cutting away from the network upgrades.
Rival networks, Optus and Telstra are expected to spend around AU$800 million and AU$1.2 billion on their networks respectively.
On the web: The Australian