The National Telecommunications and Post Commission (EETT) is expected to approve in November, at the latest, the agreement between Vodafone Greece and Wind to spin off their tower assets into Vantage Towers, Greece.
The new company will be 38 percent held by Crystal Almond, the parent company of Wind Hellas, which will later transfer its stake to the British Vodafone Group Plc.
Yesterday, the management of Vodafone claimed that pending the approval of EETT and the spin off procedure is moving along so that the overall process will be completed in the current year. With the completion of the agreement, Vantage Towers Greece will become the largest infrastructure management company for mobile base stations in Greece, including in its portfolio more than 5,200 base stations.
Vantage Towers Greece is owned by Vantage Towers, a subsidiary of Vodafone, has the management of 46,000 towers in eight European countries and plans to list its shares on the Frankfurt Stock Exchange by 2021.
The supply of 5G equipment
By the end of the year, decisions are expected on Vodafone’s supplier of equipment for the 5G network in mobile telephony, with management clarifying that the decisions will be made by the parent British company.
The company recalled, however, that "Vodafone announced its decision to remove Huawei equipment from its core network in Europe in February and confirms that Vodafone Greece does not use Huawei equipment in its core network." Today, however, Huawei is the main supplier of access networks for both Vodafone and Wind.
Due to the dispute between the USA and China, several European governments are promoting measures to reject Huawei from the development of their 5G networks. The UK adopted the strictest measures this summer where the government asked telecommunications providers to uninstall Huawei equipment from their networks within seven years.