Vodafone and Telefonica Agree to Share Networks
Two of Europe's largest wireless network operators, Vodafone and Telefonica, have agreed to share their wireless networks in a handful of countries. The two companies believe by sharing network assets, they can reduce operating costs, reduce the environmental impact (fewer new towers), while still maintaining high levels of service for customers in those regions. The agreement also provides for the two companies to invest in new towers together when appropriate. The program includes sharing both 2G and 3G assets, and is set to last for the next 10 years.