The headquarters of Vodafone Germany are pictured in Duesseldorf September 12, 2013. Shares in British company Vodafone rose 3% in London and 1&1 (1U1.DE) soared 15%, set for its biggest one-day gain since 2008. 1&1, the mobile phone operation of German internet provider United Internet (UTDI.DE), is building a fourth mobile network. The deal knocked shares in Telefonica Deutschland (O2Dn.DE), as 1&1 teamed up with its competitor Vodafone. Vodafone said in its statement on Wednesday that the commercial agreement with 1&1 was for 18 years, and would start to deliver the 5G coverage to 1&1 customers from the second half of 2024.

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Persons: Ina Fassbender, Margherita Della Valle, Sarah Young, Danilo Masoni, Hakan Ersen Organizations: Vodafone, REUTERS, United, Telefonica Deutschland, Telefonica, Thomson Locations: Vodafone Germany, Germany, London, Telefonica Deutschland's, Madrid