Vodafone stepping up Greek 4G development

16 Sep 2013

Vodafone Group’s CEO Vittorio Colao told reporters in Athens on Friday that the UK-based giant plans to use some of the proceeds from the recent sale of its stake in US cellco Verizon Wireless to speed up 4G LTE mobile network development in Greece. Following a meeting with Greek prime minister Antonis Samaras, Colao was quoted by Reuters as saying: ‘Vodafone is committed to Greece … Vodafone is about to accelerate investment in 4G technology in the country … This is a sign of confidence in the digital world and in Greece, and I’m very pleased with the early results and of [the] trust that Vodafone customers are expressing in this [4G] strategy.’ Under its ‘Project Spring’ plan, Vodafone intends to increase CAPEX by an additional GBP6 billion (USD9.5 billion) over three years to accelerate network development across its established European footprint and emerging markets.

As reported by CommsUpdate, in June Vodafone Greece announced the ‘full’ launch of its 4G LTE network – which had offered limited services since Q4 2012 – by offering LTE access at no additional charge to all post- and pre-paid handset, tablet and USB modem users, who can request free 4G activation on compatible devices until 31 October 2013.