Vodafone (VOD) and France Telecom's (FTE) Orange unit plan to invest €1B in a fiber-optic...

|About: Vodafone Group Plc (VOD)|By:, SA News Editor

Vodafone (VOD) and France Telecom's (FTE) Orange unit plan to invest €1B in a fiber-optic cable broadband network in Spain, indicating that the country's fixed-line Internet market is an area of growth despite its dire economic situation, which has caused Vodafone to write off over £16B since 2010. The company's investment appears to be part of a strategy to move into the fixed-line sector across Europe.