Vodafone and Orange to enchance agreement to save more £

With a huge competition circle in Europe, it comes to no surprise that the cell phone companies would like to lower costs and keep themselves in business.

Vodafone and Orange, are closing in on a deal that will enable each company to save a significant amount of dough per year. By doing so, both companies will be sharing "the cost of technology, engineering and maintenance at their network base stations in the UK".

With the existence of an already cost sharing scenario between both the companies, this new agreement will enable them to enhance on an earlier agreement and include each others 3G network and their international footprints respectively.

Vodafone's CEO, Vittorio Collao, is determined to cut their costs by £1 billion between 2010-2011 because of pressure from various outlets hitting the telecommunication industry in the form of competition, regulations and the economic crisis.

source: The Guardian via IntoMobile