Deutsche Telekom-France Telecom-Orange launch joint procurement scheme
Deutsche Telekom and France Telecom Orange have launched a joint procurement initiative.
Germany's Deutsche Telekom and France Telecom-Orange have announced the launch of a joint procurement venture.
Set to begin in 2011's fourth quarter, the scheme is set to save the pair up to €1.3 billion (£1.1 billion) after around three years of implementation.
The move will see the duo combine their procurement initiatives in areas including network equipment, service platforms and customer equipment.
As a result, Deutsche Telekom and France Telecom-Orange's business negotiations have concluded with the signing of a non-binding term sheet - which will form the basis for the final contracts.
Commenting on the initiative, Olaf Swantee, executive vice president for the latter party, expressed his excitement at the move.
"By combining our procurement activities, our customers will benefit from the best networks, improved services and the widest choice of devices across our footprint," he said.
Deutsche Telekom is a worldwide communications specialist, which serves nearly 200 million customers across the planet.