O2 signs multi-million pound free WiFi deal with City of London
O2 has signed a multi-million pound deal with the City of London which will see the mobile network operator deliver free WiFi to businesses, residents and visitors in city over the next 15 years.
Partnering with the City of London corporate, O2 claims that the deal is one of the largest investments into improving wireless infrastructure ever seen in the UK capital city.
A joint venture from O2 and Vodafone called Cornerstone Telecommunications Infrastructure Ltd (CTIL) is set to manage the network infrastructure alongside O2 and the City of London corporate.
4G mobile cells will be installed on lamp posts, street signs, buildings and CCTV columns around the city in an effort to provide the free WiFi. This new infrastructure will also help the City of London become an early adopter of the upcoming 5G mobile network.
O2 chief operating officer Derek McManus has commented on the new deal saying, "Continued investment in infrastructure is essential to maintain the UK’s reputation as a digital leader. Connectivity plays a central role in supporting the future growth of our economy, enabling us to communicate and trade more easily, attracting overseas business and creating new jobs. In fact, our own research tells us that an effective rollout of 5G connectivity will add over £7 billion a year to the economy by 2026."
The new service is due to become fully operational by Autumn this year.