UK mobile operators Three and EE are set to work together on the next part of their 4G LTE networks, according to a report from the Financial Times. The FT reports that the largest and smallest major UK carriers will share masts and backhaul transmission costs as part of a deal that’ll see £1 billion being jointly invested.

The agreement covers cost and infrastructure sharing, however there’s “greater flexibility” for both EE and Three to control the speeds and coverage of their networks, according to the report. That means the entire 4G network isn’t being shared between the two — “the antennas, spectrum and the core network will also be different for the two groups.” The deal is also said to revise the conditions of Three’s existing network-sharing agreement with EE.

While deal will allow both operators share the burden of building out further LTE coverage, but it could be…

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