ECONOMY

Vodafone and Wind team up to improve cell reception

Cell phone operators Vodafone and Wind Hellas will from this fall likely share the use of their networks across Greece, following their decision to form a joint company (50 percent each) expected to get the green light by the National Telecommunications and Post Commission (EETT) later this month.

The new company, which will not include leading operator Cosmote, will develop the common network of towers and base stations, while employing 250-300 engineering staff from the technical departments of Vodafone and Wind. It will invest 150 million euros over the next two years in construction (55 million euros) and in telecommunication equipment (95 million euros).

The deal is for the next 15 years, but will not concern the full amount of towers and base stations in the country, estimated at 5,500-6,000. Although it has not become clear which towers will be included in the scheme, it appears that it will concern part of the network in big cities and all towers and stations outside them. The agreement is meant to considerably upgrade the quality of reception subscribers enjoy around the country.