MegaFon, Telefonica Sign Strategic Cooperation Agreement
May 27 2013 - 4:45AM
Dow Jones News
By Olga Razumovskaya
MOSCOW--Russian telecoms operator MegaFon (MFON.MZ) and Spanish
Telefonica S.A. (TEF.MC) have signed a strategic cooperation
agreement aimed at cutting equipment costs through joint purchases,
the companies announced Monday.
The agreement envisages a mutual roaming services that will
lower roaming costs in the regions that MegaFon and Telefonica
operate.
The two companies added that their subsidiaries, MegaLabs and
Telefonica Digital, will work together in the near future in
developing businesses such as cloud services and machine-to-machine
(M2M) services.
MegaFon Chief Executive Ivan Tavrin said the two subsidiaries
will make a presentation later Monday.
Write to Olga Razumovskaya at olga.razumovskaya@dowjones.com
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