UK Rail Network in Talks With Cellnex to Upgrade Aging Broadband
- Network Rail has said it expects to reach a deal by mid-year
- Investors will get commercial rights to the telecom network
Fiber optic cables in London.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
The company that manages Britain’s railroads is in exclusive talks with a consortium of Spain’s Cellnex Telecom SA and the UK’s Neos Networks Ltd. to upgrade broadband infrastructure along its 16,000 kilometers (10,000 miles) of track, according to two people familiar with the matter.
The negotiations are complex and it could still take months before an agreement is signed, according to the people, who asked not to be identified because the talks are private. No final decisions have been made and the deal may still fall apart, they said.