Telefónica and MegaFon have renewed a strategic partnership that sees them leverage parts of each other’s assets.

The two operators have had a relationship since 2013 when Russia-based MegaFon joined the Spain-based company’s Partner Programme.

They have collaborated on marketing and channel approaches, new network technologies such as NFV and the procurement of selected network equipment.

They also worked together on wholesale agreements and “a number of projects” for major multinational companies that had generated “significant incremental revenues”.

Moving forward, they said they would look to provide fixed line and mobile services for Russian clients with a presence abroad.

Telefónica’s Director of Industrial Alliances Mario Martin said: "We believe this type of relationship is crucial for the transformation of telcos in the new industry scenario.

“We are confident the benefits we are both accruing will be further expanded in the next stage of the collaboration, contributing to both growth and efficiency.”

Last month, Telefónica and China Unicom signed a deal to share data centre capabilities as part of a broader collaboration in cloud services.

The same month, it unveiled plans to join up its start-up incubator with those of Deutsche Telekom, Orange and Singtel.

[Read more: MegaFon reveals management changes]

MegaFon Chief Strategy Officer Alexander Sobolev said: “Implementing projects together with Telefónica is allowing MegaFon to have access to the experience of a large international operator and allow it to continue to expand its base of large international clients in Russia.”

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