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Telefonica has launched process to create fibre company in Germany - COO

Published 30/07/2020, 10:54
© Reuters. The logo of Telefonica is seen on company's headquarters in Bogota
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MADRID (Reuters) - Spain's Telefonica (MC:TEF) has launched a process to create a company to develop fibre networks in under-served areas of Germany, Chief Operating Officer Angel Vila said on Thursday.

"The philosophy is a neutral company with a modular model of deployment depending on demand," Vila said. "We have launched the process and we have received indications of interest."

© Reuters. The logo of Telefonica is seen on company's headquarters in Bogota

He added the eventual company would be run through Telefonica's new infrastructure unit, and local arm Telefonica Deutschland (DE:O2Dn) might take an equity stake. The parent company would have "limited financial exposure" he said.

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