TEF Telefonica SA

   By Adria Calatayud 
 

Vodafone Group PLC (VOD.LN) said Wednesday that it has agreed to share 5G active equipment with Telefonica SA's (TEF.MC) O2 in the U.K. and that their Cornerstone joint venture will explore monetization options.

The U.K. telecommunications group said network sharing reaps the benefits of 5G and at the same time lowers roll-out costs.

Under the agreement, Vodafone and O2's 50/50 joint venture Cornerstone, which owns and manages the companies' passive tower infrastructure, will take an additional role in the deployment of both networks and look to capture further operational efficiencies, Vodafone said.

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

(END) Dow Jones Newswires

July 24, 2019 02:36 ET (06:36 GMT)

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