People living or commuting within London’s “Square Mile” are going to be able to benefit from free one Gbps WiFi connections, as per a new deal signed between the City of London Corporation and mobile carrier O2.
The multi-million pound deal signed with OS will see Cornerstone Telecommunications Infrastructure Ltd (CTIL) -a joint venture between Vodafone and O2 owner Telefónica – place “small cell” 4G mobile hotspots on lampposts, street signs, buildings and CCTV arrays in order to provide superfast internet coverage across the city.
Free WiFi in the City of London isn’t a new development. Since 2006, Sky-owned provider has served internet via a similar setup. However, the Corporation says O2’s network will be faster and “more technically advanced than those found in other leading global financial centres, including New York.” This is because CTIL will install equipment capable of supporting 5G technology, ready for whenever it’s officially rolled out.
The announcement will likely be welcomed by the City’s 8,000-plus “Square Mile” residents and major corporations, who have bemoaned the lack of affordable superfast broadband across the Square Mile. O2’s 400-strong cell network will also provide connectivity to the tens of millions of tourists who travel to London’s financial district every year when it’s fully activated in the autumn.
Telefónica, SA is a Spanish multinational broadband and telecommunications provider with operations in Europe, Asia, and North, Central and South America. Operating globally, it is one of the largest telephone operators and mobile network providers in the world. The company is a component of the Euro Stoxx 50 stock market index.
The company started as a public telecommunications company. Its head office is in the Distrito Telefónica in Madrid. As well as the Telefónica brand, it also trades as O2 in the UK, Vivo and Movistar.
Source : EnGadget / Wikipedia