Vodafone Greece, a subsidiary of Vodafone (LSE:VOD), and PPC Group have announced plans to combine their fibre-to-the-home infrastructure and wholesale fibre operations in Greece through a proposed 50:50 joint venture. If completed, the new entity would oversee network assets capable of serving more than 1.6 million homes, creating one of the country’s largest fibre infrastructure platforms.
The proposed venture would operate on a wholesale open-access model, providing broadband providers with access to fibre infrastructure and potentially increasing competition within the Greek telecommunications market. The companies believe the partnership could help accelerate fibre deployment across the country while improving connectivity options for consumers and businesses.
The discussions remain at an early stage, and completion of the transaction will depend on due diligence, the negotiation of definitive agreements and receipt of the necessary regulatory approvals. Both parties noted that there can be no certainty that a final transaction will ultimately be completed.
Should the venture proceed, it would significantly strengthen Vodafone’s fixed-line presence in Greece while supporting PPC’s strategy of expanding beyond its traditional utility operations into digital infrastructure. The partnership could also influence future investment levels, market dynamics and wholesale access arrangements for competing telecommunications operators.
Vodafone’s broader outlook continues to be supported by stable cash generation and a positive earnings trajectory, with management targeting performance towards the upper end of FY26 guidance and forecasting growth into FY27. However, earnings volatility, leverage levels and recent losses remain considerations for investors. Technical indicators suggest some near-term weakness in share price momentum, while valuation remains mixed, balancing a loss-making earnings profile against a moderate dividend yield.
More about Vodafone
Vodafone is one of the largest telecommunications groups operating across Europe and Africa, serving approximately 370 million mobile and broadband customers in 15 countries, with investments in a further four markets and partnership agreements spanning more than 40 countries. The company operates extensive international subsea cable networks, manages one of the world’s largest Internet of Things (IoT) platforms with more than 240 million connections and provides mobile financial services to around 103 million customers across seven African markets.
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