Vodafone and Fastweb 'to announce deal'


The Italian arm of mobile phone giant Vodafone and Italian broadband company Fastweb will today announce a new commercial deal between the two companies, according to press reports.

Under the deal, which is expected to be announced by the chief executives of both firms at a press conference in Milan later today, Vodafone customers will be able to use some broadband services supplied by Fastweb, sources familiar with the reported agreement told the Reuters news agency.

The agreement will not involve the Italian subsidiary of UK-based group Vodafone purchasing broadband capacity wholesale, Reuters reported.

Sources said that the expected deal represented a step towards both Vodafone and Fastweb offering mobile and fixed line services.

Fastweb, Italy's second-largest telecommunications provider, already boasts a network which covers most of the country, with the Milan-based company has been successful in taking lucrative contracts from rival Telecom Italia, including two public administration deals worth more than €300 million (£202.3 million) a year.

Both Fastweb and Vodafone have declined to comment on reports that they are planning to announce a joint agreement between their companies.

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
HR / Recruitment
Health / Beauty
Hotel / Catering / Restaurants
IT / Internet
Insurance / Pensions
International / Overseas
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Transport / Logistics
Travel / Tourism / Leisure