Vodafone has agreed a partnership with an Iranian Internet firm, becoming the latest Western company to enter Iran after sanctions were eased earlier this year.
file photo by Fars News Agency
Vodafone said on October 18 that, under a so-called non-equity partner market agreement, Iranian the Internet-service provider HiWeb will supply the British firm's multinational corporate customers with fixed and mobile services in Iran.
Meanwhile, the world's second-largest mobile phone company will help HiWeb expand and modernize its network and IT infrastructure, and will also support the Iranian firm in marketing, distribution, and sales.
European phone carriers are willing to tap into Iran's market of 80 million people, as international sanctions that have kept many companies out of the country were eased in January after Tehran agreed to curtail its nuclear program.
In August, the French telecoms company Orange announced it was in talks with Iran's Mobile Telecommunication Company, the country's largest mobile operator, over potential cooperation.
Based on reporting by Reuters and Bloomberg
Vodafone's Press Release
Vodafone will assist HiWEB in rolling out and modernising network and IT infrastructure, expanding the fixed and mobile internet services - under the HiWEB brand - that HiWEB can offer to its Iranian consumer and corporate customers.
In addition, HiWEB will be able to provide Vodafone’s multinational corporate customers with fixed and mobile services in Iran. Vodafone will also support HiWEB in marketing, distribution and sales, including the provision of Internet of Things (IoT) services to HiWEB’s customers.
Vodafone Partner Markets Chief Executive Diego Massidda said: “I am delighted to reach agreement with HiWEB on a partnership that will benefit both parties in Iran. Vodafone’s corporate customers will get the benefit of quality network services in the country - including in rural areas - and HiWEB will be able to access Vodafone’s global expertise to support the roll out of products, infrastructure and the launch of IoT services in Iran.”
HiWEB Chief Executive and Chairman Seyed Iman Miri said: “Iran’s telecom market has great potential for new investment and expansion of fixed and mobile broadband services. The partnership with Vodafone allows us to utilise Vodafone’s vast experience and knowledge in this field. This helps HiWEB in realising its ambitious plan to be a leading operator in Iran’s telecom market and offers our customers a whole suite of innovative and new services such as high quality wireless broadband, IoT and a wide range of enterprise services.”
About Vodafone Group
Vodafone is one of the world’s largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone has mobile operations in 26 countries, partners with mobile networks in 52 more, and fixed broadband operations in 17 markets. As of 30 June 2016, Vodafone had 465 million mobile customers and 13.7 million fixed broadband customers. For more information, please visit: www.vodafone.com.
About Vodafone Partner Markets
Vodafone’s Partner Markets team works to form strategic alliances with operators all over the world, partnering to offer a range of global products and services that extend Vodafone’s reach into local markets. Vodafone Partner Market agreements vary from roaming and service resale to full partner branding. Established in 2002, Vodafone Partner Markets now partners with 35 companies in 52 countries.
HiWEB is an agile, fast growing telecom players and one of the leading ISPs in Iran’ market offering fixed services around the country. Since 2015 HiWEB has started its LTE network rollout in rural and remote areas as one of the biggest projects in the Middle East covering 25,000 villages in Iran. HiWEB is also extending its mobile and fixed services in cities with the focus on the enterprise and businesses segments. For more information please visit: www.hiweb.ir/en.
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