CK Hutchison and Telefónica have agreed to join forces to offer fixed, mobile and other digital communications solutions to large enterprises and multinational companies (MNCs).
The partnership harnesses the two groups’ complementary geographic footprints and extensive telecoms customer bases across the world.
Telefónica and CKH IOD have agreed that the focus for joint commercial cooperation will be to serve MNCs and large enterprises in their respective footprints and support them in their digital transformation initiatives. Both groups will leverage their product portfolios and sales teams to enhance their joint capability to provide high-quality solutions in these markets.
As part of the agreement, CKHH’s 3 Group Europe will join another 10 operators already in the Telefonica’s Partners Program with operations in 65 countries and a total of 1.8bn customers. It will be initially deployed in Italy through Wind Tre, followed by the 3 Group’s telecoms operations in Austria, Denmark, Ireland and Sweden.
Telefónica and CKHH agreed not to collaborate in any way in the UK, where they continue to operate and compete independently.