Vodafone, Zain in pact to expand in each other's territories
03 Sep 2012
British mobile phone giant Vodafone today entered into an agreement with Kuwait's telecom company Zain to expand its footprint in the Middle East region, while giving Zain greater access to global footprint.
"Vodafone Group and Zain Group today jointly announce a partner market agreement that will significantly expand Vodafone's partner market presence in the Middle East and provide Zain customers with greater support in Vodafone's global footprint," both companies said in a statement.
Under the non-equity partnership agreement, Vodafone will work with Zain companies in Saudi Arabia, Bahrain, Kuwait, Jordan and Iraq to provide customers with high quality communications services.
"The move will enhance both Zain and Vodafone's ability to meet growing demand among multinational businesses for sophisticated voice and data communications solutions as well as advanced roaming services within the Middle East."
Vodafone added that the deal would complement its own regional operations in Egypt and Qatar, and increase the number of countries in which it has partner market agreements to more than 50.
Zain will have access to Vodafone's devices and services in its home markets and become the preferred partner of Vodafone in respect of the agreed areas of cooperation.
