By Ian Walker

Vodafone Group is partnering with Accenture to commercialize shared operations to accelerate growth, enhance customer service and drive significant efficiencies.

The London-listed said Monday that under the deal Accenture will invest 150 million euros ($160.3 million) in new shared services entity for an undisclosed minority interest.

The companies have signed a memorandum of understanding and expect to complete the agreement in the spring of next year.

"Today's announcement is a significant development for Vodafone as we change and simplify the way we work to better serve our customers and drive growth," Chief Executive Margherita Della Valle said.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

November 13, 2023 02:29 ET (07:29 GMT)

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