Vodafone and LG UPlus have jointly announced a new partner market agreement covering South Korea, marking the first strategic partnership by LG Uplus with a global telecoms company.
Under the new partnership, which commenced in April 2017, Vodafone will leverage its global reach and expertise to support the consumer and enterprise operations of LG Uplus in South Korea. As part of the agreement, Vodafone will share best practices with LG Uplus across all areas of its business, including network strategy and development, with the aim of helping LG Uplus to improve its customer base management capabilities.
Vodafone and LG Uplus will additionally cooperate to enable the delivery of unified communications and enterprise services to multinational companies with a presence in South Korea and internationally.
LG Uplus is focused on providing services comprising mobile, B2B solutions and TPS (triple play service, with broadband, VoIP and IPTV), and at the end of the first quarter of 2017 served approximately 12.6 million mobile subscribers and 3.67 million broadband customers.
Vodafone Group is a global telco with mobile operations in 26 countries, partners with mobile networks in a further 49 countries and fixed broadband operations in 17 markets. At the end of March, Vodafone Group had 515.7 million mobile customers and 17.9 million fixed broadband customers, including India and all of the customers for its joint ventures and associate companies.
In April this year, Vodafone and Proximus of Belgium the renewal of their strategic partnership covering Belgium and Luxembourg for a further five years, building on a relationship that began in 2003. The agreement is designed to enable the companies to offer joint products and services across their networks for consumer and enterprise customers.
