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VODAFONE TO SWITCH ON 5G NETWORK IN SEVEN UK CITIES

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VODAFONE TO SWITCH ON 5G NETWORK IN SEVEN UK CITIES

Gavin Nicholls

Vodafone the Telecoms giant will switch on its 5G network for consumers and business customers in seven UK cities at the start of July. The business is also creating digital innovation and incubator centres across the UK.
Birmingham, Manchester, Liverpool ,Bristol, Cardiff, Glasgow and London will be among the first cities in the world to receive 5G – the new super-fast mobile technology.
Birkenhead, Blackpool, Bournemouth, Guildford, Newbury, Portsmouth, Plymouth, Reading, Southampton, Stoke-on-Trent, Warrington and Wolverhampton will follow later this year.
“We started our 5G journey more than three years ago,” said Vodafone UK chief executive Nick Jeffrey. “We led the way in setting 5G standards to ensure phones and networks work well together. We upgraded our masts to be able to take 5G without disruption. And we were the first UK company to test 5G over our all-fibre core fixed and mobile network.
“This is important. It means we can today announce the largest launch of 5G in the UK and be the first to announce 5G roaming. It means that UK businesses can lead the world in adopting 5G to boost productivity and attract investment.”
Vodafone is also creating digital innovation and incubator centres across the UK. It will soon open a technology centre at MediaCity, Salford, Greater Manchester, and today is unveiling plans for a major new 5G facility at the Ricoh Arena – home of Wasps rugby and netball clubs.
The venues will be open to businesses and start-ups.
The 5G roll-out was announced alongside results for the year to 31 March 2019 featuring group revenues of €43.7bn and a loss of €7.6bn which Vodafone said was primarily due to a loss on disposal of Vodafone India and impairments.
Group chief executive Nick Read said: “The group is at a key point of transformation – deepening customer engagement, accelerating digital transformation, radically simplifying our operations, generating better returns from our infrastructure assets and continuing to optimise our portfolio.
“To support these goals and to rebuild headroom, the board has made the decision to rebase the dividend, helping us to reduce debt and deliver to the low end of our target range in the next few years.”

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