Vodafone boosts UK network investment to £900m

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The company will spend £2.5 million a day this financial year to integrate its mobile and fixed line network and launch 4G services

Vodafone is increasing network investment by 50 per cent as it prepares to launch 4G services by the end of the summer.

The operator will spend £900 million this financial year to integrate its mobile and fixed line networks.

Vodafone said it is “well advanced” with preparations for its launch of 4G. It expects to cover 98 per cent of the UK population by 2015.

The announcement comes after Vodafone acquired fixed communications provider Cable & Wireless Worldwide for more than £1 billion last year.

Vodafone UK chief executive Guy Laurence said: “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.”

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