China Mobile and Vodafone have this week signed a strategic co-operation framework agreement, China Mobile noted on its website.
The move follows Vodafone’s decision last September to sell its 3.2% stake in China Mobile for £4.3bn, in a move aimed at…
China Mobile and Vodafone have this week signed a strategic co-operation framework agreement, China Mobile noted on its website.
The move follows Vodafone’s decision last September to sell its 3.2% stake in China Mobile for £4.3bn, in a move aimed at pacifying shareholders who had become angry about the operator’s overseas minority investments.
Signing the agreement were China Mobile chairman Wang Jianzhou and Vodafone CEO Vittorio Colao, at this week’s Mobile World Congress in Barcelona.
According to the agreement, the two companies will continue their co-operation in areas including: exchange of corporate management, technical and operational expertise; enhanced roaming; multinational customers; green technology; network roadmap management, joint innovation and R&D, and LTE technology and LTE terminal development.
The agreement is intended to improve competitiveness and influence on international organisation, value chain and industry by partnership in management, technology and operation, China Mobile said.
There was no mention of any financial element to the agreement.
