Tag: Shared networks

Telefónica Cornerstone UK Deal

O2 UK: How much more will Telefónica spend on a market it wants out of?

Telefónica’s O2 UK is in the process of renegotiating its mobile network-sharing deal with Vodafone. The project, known as Cornerstone, has been in place since 2012, building on prior sharing deals, and has allowed both players to grow their 3G and 4G coverage at a reduced cost. However Telefónica wants to exit the UK market, but has failed to both sell and float O2 UK. Is Cornerstone under threat?

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