Telefonica cuts 2m homes from fibre roll out

Telefonica is to significantly reduce its investment in its fibre optic network following the competition authority CNMC’s decision to oblige it to open up the network to its rivals.

The company will reduce its deployment by 35 per cent, from the planned 5.5 million homes to be connected in 2015 to 3.6 million. This cut will have a big impact in the market where Telefonica currently takes 85 per cent of Spain’s fibre optic network, used to offer bundled packages of super high-speed Internet, pay TV and telephone services.

Last December, the watchdog CNMC said that Telefonica should open its fibre optic network in Spain except for nine major cities to ensure competition and promote investment.

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