Vodafone Greece and PPC Group have signed terms to explore the creation of a 50:50 joint venture (JV) that would combine their fibre-to-the-home (FTTH) networks and wholesale fibre operations in Greece, marking a significant step in the country’s broadband infrastructure.
The proposed joint venture would bring together the FTTH assets of Vodafone Greece and PPC Group, creating a combined network footprint covering more than 1.6 million homes across Greece. The new entity is expected to operate as an open-access wholesale provider, enabling internet service providers (ISPs) to access high-speed fibre infrastructure and expand broadband services to residential and business customers.
The planned partnership reflects growing investment in next-generation broadband networks as telecom operators and infrastructure companies seek to accelerate fibre deployment while improving network efficiency and reducing duplication of investments.
The transaction remains subject to due diligence, negotiation of definitive agreements, and customary regulatory approvals. Both companies emphasized that discussions are ongoing and there is no certainty that a final agreement will be reached.
For Vodafone, the initiative strengthens its strategy of expanding high-capacity digital infrastructure across Europe. Vodafone serves approximately 370 million mobile and broadband customers worldwide and operates in 15 countries, with investments in four additional markets and partnerships across more than 40 countries. The company manages more than 240 million IoT connections globally and provides financial services to around 103 million customers across seven African markets.
PPC Group, a leading energy and utility company in Europe, brings substantial infrastructure scale to the proposed venture. The company operates across Greece, Romania, and North Macedonia and maintains a total installed power generation capacity of 12.4 GW. PPC generates approximately 22 TWh of electricity annually and serves 8.5 million customers, supplying around 32 TWh of electricity each year.
The utility giant is pursuing an ambitious growth strategy under its 2030 Strategic Plan, supported by a €24 billion investment program focused on renewable energy, energy storage, flexible generation, and data center infrastructure. PPC’s electricity distribution business also manages a regulated asset base valued at €5.7 billion as of the end of 2025.
If completed, the Vodafone-PPC fibre joint venture could become one of Greece’s most significant broadband infrastructure platforms, supporting wider FTTH adoption, enhancing competition among service providers, and accelerating the country’s digital transformation agenda.
BABURAJAN KIZHAKEDATH
