Telenor, Vodafone form global procurement alliance

Telenor Group and Vodafone Group announced a new strategic partnership between their global procurement organizations. The collaboration aims to capitalize on the volume and global capabilities of both groups in key procurement areas. Together, Telenor and Vodafone serve over 550 million customers across 23 countries, with their procurement companies managing a combined annual purchasing volume exceeding €26 billion.

The partnership seeks to generate value for customers and realize savings through shared purchasing power, complementary markets, and joint expertise. It also aims to strengthen supplier relationships, enhance resilience amid geopolitical shifts, and reinforce a commitment to responsible and sustainable operations, upholding high ESG standards throughout their value chains.

According to Thomas Skjelbred, chief executive of Telenor Procurement Company, this alliance will bolster Telenor's competitiveness and create increased value for its companies, external clients, and shareholders. Ninian Wilson of Vodafone highlighted the potential for more efficient and sustainable solutions, enhanced innovation, and simplified collaboration for partners and suppliers.