NEWBURY (dpa-AFX) - UK-based telecom giant Vodafone Group Plc. (VOD.L, VOD) Wednesday announced that it has agreed with Swiss telecommunication services firm Swisscom AG (SWZCF.PK, SCMWY.PK) to extend their strategic partner market agreement by a further four years.
The renewal takes effect from the beginning of 2016. Under the renewal, Swisscom's customers will continue to benefit from Vodafone's mobile, voice and data products and unrivalled global reach.
Swisscom will also draw on Vodafone's scale to deliver procurement efficiencies, including the purchasing of network infrastructure, IT equipment and handsets.
Swisscom's customers will continue to enjoy enhanced roaming benefits, including high-speed data in locations where Vodafone operates a 4G network. Vodafone's consumer and Enterprise customers will be able to roam onto Swisscom's network when visiting Switzerland.
Copyright RTT News/dpa-AFX