Swisscom has teamed up with vehicle rental company Sixt to launch a fleet management business in Switzerland.

Swisscom’s Managed Mobility business unit, which has a fleet of around 3,300 vehicles and provides online portals and apps, is forming a joint venture with Sixt’s Germany-based leasing arm.

The new company, in which both Swisscom and Sixt Leasing have a 50 percent stake, will be called Managed Mobility. It started trading on 1 April.

According to a statement, Managed Mobility is focused on the management of vehicle fleets and the provision of services such as claims management.

In the future, “innovative mobility concepts will also be tested and marketed” the statement added.

In a document on the Swisscom website, “planned projects” include a smart parking solution that lets customers find spaces via an app.

The company said it is targeting existing Swisscom and Sixt Leasing customers initially.

Sixt Leasing had revenues of €563 million last year, while Swisscom Managed Mobility had a turnover of €42 million.

Heike Arnold (pictured), the new Chief Executive of Managed Mobility, said: “I am confident that we find ourselves on the cutting edge of developments with this joint venture...Thanks to Swisscom as the ICT partner, we have access to new business models in the mobile world.”

Swisscom saw revenues rise 2.4 percent last year.

Last week, it launched a new brand that offers fixed line-only internet, IPTV and telephony services to young, digitally savvy urban customers.

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