Vodafone, PPC mulling Greek fibre joint venture

(Sharecast News) - Vodafone Greece and Public Power Corporation have entered into heads of terms to create a potential 50:50 joint venture made up of their respective fibre to the home and wholesale fibre businesses in Greece. The two firms' fibre businesses currently cover more than a combined 1.6 million homes and the joint venture would intend to provide wholesale open access to internet service providers in Greece.

In a joint statement on Wednesday both said the deal was subject to completion of due diligence and regulatory approvals with no certainty at this stage that a transaction would be agreed.

Reporting by Frank Prenesti for Sharecast.com

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