Vodafone forms agreement with Polkometal

Telecomms giant Vodafone has formed a new partner market agreement with former subsidiary Polkometal in Poland.

Telecomms giant Vodafone has formed a new partner market agreement with former subsidiary Polkometal in Poland.

The non-equity partnership agreement will add Poland to Vodafone's customers' existing contracts for international managed services, while continuing to be serviced via a single point of contact, while Polkometal will gain access to Vodafone's joint products and services for business and consumer customers.

Chief Executive Officer of Vodafone Partner Markets, Ravinder Takkar, said: "Our agreement with Polkomtel provides an opportunity for Vodafone to strengthen further its presence in Eastern Europe.

"We are delighted to renew our relationship with Polkomtel through our successful Partner Market community, which includes more than 50 markets worldwide."

Polkomtel has a customer base of approximately 14m and provides services in Poland under the Plus brand. Vodafone's operations in the region include the Czech Republic, Germany, Hungary and Romania.

Vodafone, whose partner market agreements in the region include Austria, Estonia, Latvia, Lithuania, Russia and Ukraine, disposed of a minority stake of 24.4% in Polkomtel in 2011 as part of its strategy to realise value from its non-controlled assets.

The share price fell 1.05% to 183.85p by 09:21.

NR

Recommended

The top funds to invest in
Funds

The top funds to invest in

Investors continue to favour passive funds in April though figures reveal an actively managed money market fund also caught their eye. We look at wher…
3 May 2023
The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
20 Apr 2023
Best junior stocks and shares ISA platforms
Isas

Best junior stocks and shares ISA platforms

A junior stocks and shares ISA is a great way to save for your child tax-efficiently. But it can be confusing deciding which investment platform to ch…
28 Mar 2023
The outlook for Shell shares is mixed, despite bumper profits
Energy stocks

The outlook for Shell shares is mixed, despite bumper profits

With profits surging, it looks as if Shell is on a roll, but the company’s growth from here is hard to see as Rupert Hargreaves explains.
6 Feb 2023

Most Popular

June’s NS&I Premium Bond prize draw - are you this month’s millionaire?
Savings

June’s NS&I Premium Bond prize draw - are you this month’s millionaire?

Two fortunate NS&I Premium Bond winners are now millionaires. Find out here if you’re one of them.
1 Jun 2023
The best one-year fixed savings accounts - June 2023
Savings

The best one-year fixed savings accounts - June 2023

You can now earn 5% on 1 year fixed savings accounts - the best rate seen in 14 years. We have all the latest rates available now.
2 Jun 2023
The top healthcare funds to buy
Investments

The top healthcare funds to buy

Increasingly rapid progress in drugs and healthcare technology makes these trusts top tips, says Max King.
1 Jun 2023