Optus Wholesale has extended its current mobile virtual network operator (MVNO) agreement with Vocus Group for five years, in a deal which includes access to the Optus 5G network and upcoming technology, Singtel’s Optus said on Monday.
The agreement expands the long-term tie-up between Optus and Vocus brands Dodo, iPrimus and Commander, it said in a filing to SGX before the market open on Monday.
“The partnership provides a strong nationwide network and platform for Vocus to grow its mobile customer base across its various brands and a clear path for Vocus to access future 5G mobile services, to support the Vocus strategy to increase market share in enterprise and small to medium business segments,” the filing said.
Kevin Russell, group managing director and CEO at Vocus Group, said his company had a “high degree of confidence” in Optus’ execution of 5G networks.
“Our new partnership with Optus gives Vocus security in the knowledge of our access to market-leading future technologies as well as the flexibility to put attractive mobile propositions in market in a timely manner,” Russell said.
An MVNO is a company which effectively leases wireless capacity from a mobile network operator at a discount price to resell to customers.