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FINANCIAL NEWS
Vodafone, Kuwait’s Zain in cooperation deal for ME
03 Sep 2012
(MENAFN) British telecoms giant Vodafone has agreed with Kuwait’s Zain to cooperate to strengthen the global telecoms group’s business in the Middle East, Reuters reported.
Under the non-equity partnership agreement, Vodafone will work with Zain companies in Saudi Arabia, Bahrain, Kuwait, Jordan and Iraq, allowing it to offer its customers from other countries lower roaming fees when travelling in the region.
Vodafone said the cooperation deal will enhance both it and Zain’s ability to meet growing demand among multinational businesses for sophisticated voice and data communications services.
In exchange, Zain will have access to Vodafone’s devices and services in its home markets and be able to use the Vodafone brand.
The world’s biggest mobile operator by sales has been inking agreements with regional operators, as it seeks to expand its coverage at lower operating costs.
The deal will complement Vodafone’s regional operations in Egypt and Qatar and increase the number of countries in which it has partner agreements to more than 50, the company said.
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