Vodafone's German Fiber Optic Joint Venture Draws Societe Generale as Partner

MT newswire2026/09/01 08:28

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04:28 AM EDT, 09/01/2026 (MT Newswires) -- Vodafone (VOD) said French bank Societe Generale has agreed to acquire a 50% shareholding in its OXG fiber optic joint venture in Germany from Geodesia. Financial terms were not disclosed. The deal will provide OXG with a committed funding partner and support the continued expansion of its fiber network in Germany, while preserving Vodafone's strategic flexibility, the company said. The transaction is subject to regulatory approvals and closing conditions, the company said.

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The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

华尔街见闻•2026/11/10 18:41