O2 and Vodafone extend UK network sharing deal to include 5G

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LONDON (Jan 23): Telefonica’s O2 and Vodafone have agreed to extend their network partnership in Britain to include 5G to accelerate the deployment of the faster mobile service at a lower cost for both operators.

The two groups - the second and third biggest players in the competitive market behind BT’s EE - said they would also upgrade their transmission networks with higher capacity fiber cables.

They have agreed non-binding heads of terms about the agreement which remain subject to regulatory approval. They expect to conclude the steps during 2019.