MTN seals international deal with Telefonica

2015-12-14 15:00 - Duncan Alfreds, Fin24
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SIM card. (Duncan Alfreds, Fin24)


Cape Town – Mobile operator MTN [JSE:MTN] has signed a deal with Spanish-based Telefonica to boost its enterprise businesses.

“Many of the initial areas are aiming to improve both companies’ stand in regards to Enterprise customers, including services to multinational companies in each other’s footprint, collaboration in M2M and new digital products and services targeting the B2B segment,” the companies said in a statement on Monday.

MTN Group has 233 million subscribers with its focus mainly in Africa, while Telefonica has a customer base of 329 million with operations in Europe and Latin America.

Both companies are intent on the deal helping them to “capture synergies in a number of strategic areas”.

“The development scope includes our innovation process and new product offerings as we move into the New Digital World, as well as leveraging our combined scale in areas such as procurement. We are really looking forward to developing this relationship to our mutual benefit,” said MTN Group chief digital officer Herman Singh.

The move comes as MTN battles the impact of a massive fine in Nigeria over failing to disconnect unregistered SIM cards.

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