Vodafone Group Plc (VOD) is nearing an agreement with Kuwait’s Mobile Telecommunications Co. (NMTC), known as Zain, to expand access to networks across the Middle East, according to two people familiar with the matter.
The accord covers countries including Saudi Arabia, Iraq and Bahrain, and would let Vodafone, the world’s second-largest mobile-phone company, lower roaming fees and share handset- purchasing costs, the people said, declining to be identified because the talks are confidential. An announcement may be made as early as next week, one of the people said.
Vodafone is seeking to expand in countries where it has no existing presence with roaming deals and carrier agreements. The Newbury, England-based operator last year signed accords with at least 10 Asian carriers to lower roaming rates and give subscribers and enterprise customers better network coverage.
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