Zain, Vodafone discuss strategic partnership
Kuwait, August 27, 2012
Kuwait-based telecoms operator Zain has confirmed that it was close to sealing a deal with Vodafone that would allow the global telecoms group access to its Middle East networks.
"Zain Group is at an advanced stage in negotiations towards reaching a strategic partnership agreement with Vodafone," the company said in a statement.
"Vodafone has more than 40 partnerships of this nature worldwide whereby customers benefit from their global scale and the in-country operator's local expertise. This is a non-equity deal."
The agreement would cover several countries in the region including Saudi Arabia, Iraq and Bahrain, allowing Vodafone to offer its customers from other countries lower roaming fees when travelling in the region, Reuters reported on Friday, citing a person familiar with the situation.
Vodafone, the world's biggest mobile operator by sales, has been seeking new agreements with local operators to spread its coverage while avoiding expensive buyouts or heavy investments.
Zain has mobile network operating licences in Kuwait, Saudi Arabia, Bahrain, Lebanon, Sudan, Iraq and Jordan, while Vodafone's presence in the region is limited to Qatar, Egypt and Libya.
Zain said it would provide more details on the partnership in the next few months. - Reuters
More IT & Telecommunications Stories
- Nawras signs capacity contract with SES
- Etisalat showcases satellite solutions at Cabsat
- Batelco launches 4G LTE roaming
- Gulf Air clinches best innovation award
- Viva inks Pepsi partnership deal
- Du offers free smarphones on tablet purchase
- Batelco launches double credit promotion
- Cyber threats focus of Bahrain security talks
- Bahrain tech expo to honour innovators
- Scope ME named distributor for InfoWatch
- Nawras quadruples 3G+ mobile services
- Menatelecom expands bill paying network
- Du joins new global cable consortium
- Kuwait moves to create telecoms watchdog
- Batelco backs Royal Fund for Martyrs
- Egypt's Global Telecom posts $749m Q4 loss
- Red Hat launches open source BPM suite
- Batelco announces new board
- Batelco offers improved broadband
- You don't own phone numbers, warns TRA
- Tech giants back top Qatar ICT event
- Du to provide wifi access in public areas
- Zain finalises $800m, five-year loan facility
- Ooredoo Q4 net profit falls 36pc to $140m
- Mobily, Etisalat team up for LTE roaming
- Batelco approves $84m dividends for 2013
- Etisalat Q4 profit rises 70pc to $394m
- Kenya telecom firm to join Etisalat SmartHub
- Aruba appoints new sales director
- Du enters $1.17 billion financing deals