Vodafone signs network deal with Ericsson
Vodafone said that Swedish-based Ericsson will manage the supply and distribution of spare parts to countries, including Germany, Spain and Portugal, as part of Vodafone's initiative to cut overheads in Europe.
By PTI |
London: Vodafone Group PLC on Tuesday said it had signed a multimillion-dollar deal with equipment group Ericsson to manage part of its European networks.
Vodafone said that Swedish-based Ericsson will manage the supply and distribution of spare parts to countries, including Germany, Spain and Portugal, as part of Vodafone's initiative to cut overheads in Europe.
Vodafone, the world's largest mobile phone operator by revenue, declined to provide further financial details.
Under the managed services agreement, Ericsson will be responsible for running the logistics, warehousing, repair and replacement of network equipment, including kit from rival equipment-makers. Vodafone Chief Executive Arun Sarin said in May last year that the company was targeting major cost savings by consolidating and better managing operating and capital costs.
Vodafone shares were up 1 per cent at 138.1 pence (USD 2.72; euro2.03) on the London Stock Exchange. (AP)
Vodafone said that Swedish-based Ericsson will manage the supply and distribution of spare parts to countries, including Germany, Spain and Portugal, as part of Vodafone's initiative to cut overheads in Europe.
Vodafone, the world's largest mobile phone operator by revenue, declined to provide further financial details.
Under the managed services agreement, Ericsson will be responsible for running the logistics, warehousing, repair and replacement of network equipment, including kit from rival equipment-makers. Vodafone Chief Executive Arun Sarin said in May last year that the company was targeting major cost savings by consolidating and better managing operating and capital costs.
Vodafone shares were up 1 per cent at 138.1 pence (USD 2.72; euro2.03) on the London Stock Exchange. (AP)
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