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 Wednesday, June 05, 2013

UK-based Vodafone Group is set to boost investment in the network of its domestic subsidiary by more than 50%, the Financial Times reports, with the operator expected to spend almost GBP1 billion (USD1.52 billion) in 2013 as it prepares to launch LTE commercially. Further, a portion of the increased investment is set to go towards the integration of the fixed line network assets which Vodafone Group acquired following its April 2012 purchase of Cable & Wireless Worldwide (CWW). Commenting on the decision to increase capital expenditures, Vodafone UK chief executive officer Guy Laurence was cited as saying: ‘This investment is further evidence of our commitment to deliver our best ever network. We’re bringing together the best of mobile and fixed communications to help our business customers make their communications work for them.’

Source: TeleGeography.