Vodafone in $545 Million Talks for Irish Fibre Broadband Network
Published on: 11th Feb 2014
By: Ian Mansfield
Vodafone's Ireland subsidiary is reported to be in talks for a nationwide fibre based broadband network in association with the national electricity company.
The Electricity Supply Board (ESB) confirmed to the Irish Times that it has selected Vodafone as its preferred partner in the EUR400 million (USD545 million) contract that will see telecoms cables strung along the electricity grid to deliver broadband internet services.
Vodafone confirmed yesterday that it had entered exclusive negotiations with ESB for the project, while the power company would only say that "negotiations are ongoing with an international telco".
"ESB has entered into exclusive negotiations with Vodafone Ireland as the preferred bidder to form a joint venture company which will roll out fibre to homes and businesses across Ireland," said Vodafone.
Vodafone is thought to have been the sole bidder though after British Telecom withdrew from bidding for the contract.
The intention is to form a joint-venture between the two companies, which will deploy the network aiming to reach at least half a million homes outside the two largest cities.
On the web: Irish Times