Vodafone to spend about $2.4billion on new broadband connections

A branded sign is displayed on a Vodafone store in London, Britain.
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Vodafone said it would spend about 2 billion euros (an equivalent of $2.4 billion) to provide around 13.7 million new ultrafast broadband connections to homes and businesses by the end of 2021 in Germany, its biggest European market.

The British company said the additional spending on its network would boost its service revenue growth in Germany by 1-2 percentage points in the mid-term.

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