Vodafone UK has announced that it’s planning to spend more than £900 million on its fixed-line and mobile networks in the current financial year; the equivalent of over £2.5 million every day. That’s a 50% increase on last year’s investment.
The company also says it’s preparing to launch 4G services in the UK by the end of the summer. It’s recently spent £802 million in the recent Ofcom auction and last year bought fixed communications provider Cable & Wireless Worldwide for more than £1 billion.
Guy Laurence, Vodafone UK chief executive, said “This investment is great news for customers and further evidence of our commitment to deliver our best ever network. We’re bringing together the best of mobile and fixed communications to help our business customers make their communications work for them. For consumers, it’s another important step towards the arrival of our ultra-fast 4G service later this year. It is also great news for the country. We’re investing in vital national infrastructure that can help play an important role in supporting growth in the wider economy.”