Vodafone’s enterprise arm has won a deal to become Deutsche Bank’s global telecoms partner.

The UK-based operator has signed a five and a half year contract with the German company. Financial details were not disclosed.

Vodafone said it would take over the delivery and support of the bank’s fixed and mobile voice services across 28 countries. It will also establish a number of centralised services, including ordering and billing.

A spokesman at the operator told European Communications the deal consolidates 55 separate agreements with different vendors.

It follows a deal the operator won last week to provide telecoms, M2M and communications services to low-cost airline Ryanair.

However, the Deutsche Bank deal is only focused on telephony.

Clint Price, Head of Technology Service Operations, Deutsche Bank, commented: “This agreement will provide greater controls and transparency around Deutsche Bank’s telecoms usage and expenditure.

“Moving to a globally consistent approach will help the bank manage costs actively while making it easier for employees to order and pay for telephone services.”

Vodafone did not break out the performance of its enterprise business in its most recent financial results, which saw group revenues increase 13.5 percent in the last three months of 2014 thanks to the inclusion of figures from Kabel Deutschland and Ono.

Vodafone Global Enterprise Chief Executive, Jan Geldmacher, said: “This is a great opportunity for Deutsche Bank to bring all its communications needs under one umbrella. Creating global standards and common practices will make the bank more efficient and help to support its future plans.”

[Read more: Geldmacher on moving up the value chain]

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