Vodafone Greece commenced early-stage talks about going Dutch on a fibre-to-the-home (FTTH) venture with utility PPC Group, a combination with the potential to pass almost 2.5 million homes.

The head of terms discussion over the 50:50 joint venture also involves the companies’ respective wholesale fibre operations. Vodafone explained any combined business would provide open access to ISPs.

PPC stated the FTTH network of the subsidiary in line for the combination currently passes 1.9 million households and Vodafone’s 550,000.

Alexandros Paterakis, vice chair of the PPC FiberGrid unit and deputy CEO for digital services at the group, said any tie-up would create a “leading digital network infrastructure in Greece”, along with advancing various of the company’s strategic goals.

For Vodafone, any agreement would “substantially accelerate the development of our fibre network” CEO Achilleas Kanaris said.

He added Greece is strategically important to Vodafone Group as a whole and explained the unit is focused on expanding its footprint, shifting from “copper to fibre” and contributing to “national digital coverage objectives”.

The companies emphasised no binding commitments had been made and they are yet to embark on due diligence processes, though indicated intentions to do so with a view to signing binding agreements.

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