Economics
Vodafone Joins Orange in Iran Phone Push as Sanctions Recede
- British carrier signs pact with local internet carrier HiWeb
- Global carriers seeking entry to country of 80 million people
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Vodafone Group Plc formed a partnership with Iranian internet-service provider HiWeb, becoming the latest Western phone company to test for growth possibilities in a country that’s opening up to global business with the easing of international sanctions.
HiWeb will provide Vodafone’s multinational corporate customers with mobile and landline services in Iran, Vodafone said Tuesday in a statement. The British carrier will help HiWeb expand and modernize its network as part of the non-equity pact, which also covers marketing, distribution and so-called internet-of-things services for HiWeb customers.