A new war between operators shakes the Spanish telecommunications market. Vodafone has taken an unexpected step that could put Finetwork in check. The British operator has filed a multimillion-dollar lawsuit against the Spanish company for accumulated unpaid debts.
This legal conflict not only jeopardizes Finetwork's financial stability. It also sows uncertainty among the users of both companies. The reason? Vodafone and Finetwork have been collaborating for years, and the current disagreement could mean drastic changes for those who have contracted their services.
Vodafone's claim
It all began in 2019, when Vodafone allowed Finetwork to use part of its infrastructure to offer mobile and internet services in Spain. Thanks to this agreement, the Spanish operator was able to grow rapidly, competing with big names in the sector. However, in recent years, rumors began to circulate about delays in payments by Finetwork.
Although at the time it didn't seem like the matter was serious, the situation has ended up exploding. Vodafone, now under the control of the British company Zegona, has decided to take drastic measures. According to Expansión, the red operator demands not only the payment of what is owed but also the seizure of Finetwork's accounts to recover the money.
Additionally, it has informed the National Commission on Markets and Competition (CNMC) of the conflict, requesting their intervention. They claim that Vodafone tried to solve the conflict amicably. They offered to renegotiate the debt, change the payment terms, and facilitate new conditions.
But those efforts, apparently, didn't help much. Finetwork didn't comply with the agreement, according to Vodafone, which has led to this formal lawsuit.
Meanwhile, the Spanish company hasn't stood idly by. It has also filed a lawsuit against Vodafone. The Spanish company claims that it was the British operator that breached the signed contract, severely affecting its ability to compete in the national market.
What will happen to Vodafone and Finetwork users?
For now, the legal confrontation between Vodafone and Finetwork is in its early stages. A resolution is not expected in the short term, but the consequences could be significant for thousands of customers. Some experts recommend that users stay alert.
Both companies are waging a legal battle that could change the telecommunications landscape in Spain. Vodafone seeks to recover what it considers its own, while Finetwork fights to defend its position and claim what it believes is fair. The truth is that this conflict is far from over, and there are many millions at stake.