France Telecom, Vodafone announce Spain fibre-optic joint venture

MADRID (Reuters) - France Telecom <FTE.PA> and Britain's Vodafone <VOD.L> said in a statement on Wednesday they had agreed to jointly develop a fibre optic network in Spain.

The companies said they would develop two complementary networks, each reaching 3 million buildings, in over 50 cities.

Both companies said they guaranteed mutual access and use of respective infrastructure.

(Reporting By Clare Kane; Writing/Editing by Paul Day)