Vodafone and Fastweb 'to announce deal'

15-09-2006

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.


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