Grid Telecom-Vodafone agreement for optical network utilization
Grid Telecom and Vodafone Greece announce the signing of a 20-year framework agreement for the mutual exchange and concession of use of the fiber optic networks of the two companies. The agreement will allow the two parties to utilize further parts of the backbone network to offer even more options to their customers and to support new investments in digital infrastructure.
For Grid Telecom, the new partnership is another crucial step for the optimal utilization of the broadband infrastructure that it develops through the Transmission System. According to its planning, the 100% subsidiary of IPTO will proceed in 2021 to provide ultra-high capacity services between large urban centers of the country, through the telecommunication network of DWDM technology that it develops.
For Vodafone Greece, access to the Grid Telecom network will accelerate the implementation of the new investment program of 600 million euros that includes the creation of modern digital services and infrastructure throughout Greece, with new generation networks such as 5G, FTTH and two submarine cables in Aegean and Ionian, respectively.
George Psyrris, Director of Grid Telecom, stated in this regard: "The conclusion of an agreement with Vodafone Greece, further strengthens the position of Grid Telecom in the domestic wholesale telecommunications market. The Company's fiber optic network currently exceeds 4,000 km and is expected to double in the coming years in parallel with the expansion of electrical interconnections implemented by IPTO in mainland and -mainly- island Greece. Focused on its business planning, Grid Telecom is building a reliable, high-availability backbone network that will actively contribute to the country's digital transformation. "
Nicolae Vilceanu, Network Manager of Vodafone Greece said: "Our agreement with Grid Telecom helps us to make even better use of the investments we have made, but also to utilize a new network, which will allow us to accelerate our investment program and offer even better services to our customers. We innovate, implementing openness policies and promoting "smart" solutions, which contribute to the development of the digital economy of Greece and lead to significant environmental savings ".