LONDON (Alliance News) - Vodafone PLC said Wednesday that it has renewed its strategic global alliance with French telecommunications firm SFR.
The renewed deal is for a further four years and will see the companies continue to provide fixed and mobile telecommunications services to multi-national customers in France as well as roaming services for consumers travelling in and from the country.
The companies will work together on new business opportunities, including machine-to-machine services, 3G and 4G roaming and unified communications across France and the rest of the world. Vodafone will also continue to offer SFR a range of Vodafone Global Enterprise services for use by customers in France.
The non-equity Partner Market agreement reaffirms SFR as Vodafone's strategic partner in France and builds on the cooperation which has existed between the two companies since 2002. A significant number of Vodafone's multinational customers are either headquartered or have a satellite office in the country, making France an important enterprise market for the FTSE 100-listed firm, it said.
Under the terms of the deal, SFR customers will have access to Vodafone's mobile and fixed networks covering nearly 30 countries as well as approximately 50 Vodafone Partner Markets networks worldwide.
Shares in Vodafone were trading marginally higher Wednesday morning, up 0.26% at 224.49 pence per share.
By Alice Attwood; aliceattwood@alliancenews.com; @AliceAtAlliance
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