ATHENS: Vodafone Greece and PPC Group said Wednesday they have signed heads of terms to form a potential 50:50 joint venture combining their fiber-to-the-home networks and wholesale fiber businesses in Greece.
The proposed joint venture would cover more than 1.6 million homes based on the companies’ existing fiber networks. It would provide wholesale open access to internet service providers across the country.
Any transaction remains subject to completion of due diligence, agreement on binding documentation and regulatory approvals, the companies said. There is no certainty a deal will be reached.
Vodafone said it expects to provide a further update in due course.
Vodafone Group is a European and African telecommunications company serving about 370 million mobile and broadband customers across 15 countries. PPC is the largest integrated utility in Southeastern Europe, operating primarily in Greece, Romania and North Macedonia, with 12.4 gigawatts of installed capacity and 8.5 million electricity customers.
PPC is the leading integrated utility group in Southeastern Europe, with activities spanning electricity generation, distribution and the sale of advanced energy products and services. The Group operates primarily in Greece, Romania and North Macedonia, while further expanding its renewables footprint in Italy, Bulgaria and Croatia.
PPC has a total installed capacity of 12.4GW, across thermal, hydro and renewable energy assets, with a electricity generation of approximately 22TWh. It is the leading electricity supplier in Greece and one of the largest in Romania, servicing 8.5m customers and supplying approximately 32TWh of electricity, alongside a broad range of Value Added Services. PPC is also active in the electricity distribution, with a total Regulated Asset Base of €5.7bn as of year-end 2025.
PPC’s new 2030 Strategic Plan builds on its successful integrated business model and targets growth opportunities across Central and Southeastern Europe. The plan is supported by a €24 bn investment programme focused on renewable energy, storage and flexible generation, as well as data center infrastructure.
Founded in 1950, PPC has been publicly listed since 2001, with its shares traded on the Main Market of Euronext Athens.
