Vodafone: In Strategic Partnership With Conexus Mobile Alliance
20 September 2011 - 6:37PM
Dow Jones News
Vodafone Group PLC (VOD.LN), the world's largest mobile operator
by revenue, is partnering with Conexus Mobile Alliance, a group of
Asian mobile operators that includes Japan's NTT DoCoMo Inc.
(9437.TO), which will allow some members of the alliance to use
Vodafone's brand and access its devices and services in their
respective markets.
U.K.-based Vodafone's partnership with Conexus also covers
collaboration on mobile services in areas such as roaming services,
a joint statement from Vodafone and Conexus said.
Under the agreement, Vodafone will form partnerships with
Taiwan's Far EasTone Telecommunications Co. (4904.TW), Hutchison
Telecommunications Hong Kong Holdings Ltd. (0215.HK), NTT DoCoMo,
the Philippines' Smart Communications Inc., Singapore's Starhub
Ltd. (CC3.SG), and Thailand's TrueMove.
The partnership "significantly expands Vodafone's presence in
Asia and provides Conexus with greater access to Vodafone's global
footprint," said the statement.
The move comes after Singapore's M1 Ltd. (B2F.SG) and Hong
Kong's SmarTone Telecommunications Holdings Ltd. (0315.HK), members
of rival alliance Asia Mobility Initiative, said Monday they won't
renew their respective partnerships with Vodafone when they expire
this year.
The statement said Vodafone and Conexus also intend to expand
the partnership to include other alliance members, such as South
Korea's KT Corp.
Conexus comprises NTT DoCoMo, KT Corp., Hutchison
Telecommunications Hong Kong Holdings Ltd., India's Bharat Sanchar
Nigam Ltd. and Mahanagar Telephone Nigam Ltd. (500108.BY),
Indonesia's Indosat (ISAT.JK), Smart Communications Inc., Starhub
Ltd., Far EasTone Telecommunications Co., TrueMove, and Vietnam's
VinaPhone.
The alliance has a combined customer base of about 321 million
mobile subscribers.
-By Chun Han Wong, Dow Jones Newswires; +65 64154 160;
chunhan.wong@dowjones.com
Mahanagar (NYSE:MTE)
Historical Stock Chart
From Oct 2024 to Nov 2024
Mahanagar (NYSE:MTE)
Historical Stock Chart
From Nov 2023 to Nov 2024
