Vodafone to launch fibre broadband service

Wednesday, November 12th 2014
Telecoms giant Vodafone has announced it will begin offering fibre broadband to its customers as of spring next year.
Vodafone to launch fibre broadband service
Vodafone has announced it will begin to offer fibre broadband to its customers next spring, along with a new TV service, in order to compete further with rivals such as BT, Sky, Virgin and EE.

This will be the telecom provider's second attempt at selling an internet service to its customers, following a previous unsuccessful effort in 2006.

The company will deliver the technology to homes and businesses throughout the UK via its current Cable and Wireless commercial fibre network, but will also make use of the existing BT Openreach network.

In light of this announcement, Vodafone has upped its annual earnings forecast to between £11.6 billion and £11.9 billion. Prior to the broadband news, this stood at £11.4 billion to £11.9 billion. In addition, the firm's share prices had risen by 5.5 per cent yesterday (11 November 2014) afternoon.

Prices for both the broadband and TV services are yet to be confirmed.

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