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Iceland: Vodafone, Nova pair up

 |  November 28, 2013

Vodafone Iceland and competitor Nova have announced plans to enter into a network sharing agreement, a venture involving the establishment of an infrastructure company owned equally by the two.

The companies issued a press release announcing the joint venture, describing the deal as one to create “great opportunities for expansion and significant advantages in investments and operations.”

The network sharing agreement will reportedly mirror similar deals made within Denmark, Sweden and the UK, meaning the venture will cover only some of the network infrastructure and not harm competition in the wireless market of Iceland.

The deal remains subject to clearance by the Iceland Competition Authority, as well as the nation’s telco watchdog the Post and Telecommunications Agency.

The companies said they aim to complete the venture in the first half of next year.

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