(London/Fornebu, 1 October 2025)
Telenor Group and Vodafone Group today announce a new strategic partnership
between their respective global procurement organisations, Telenor Procurement
Company and Vodafone Procurement Company. The strategic partnership aims to
leverage the scale and global capabilities of both groups across major areas of
procurement.
 
Telenor and Vodafone serve over 550 million customers across 23 countries.
Together, Telenor Procurement Company and Vodafone Procurement Company leverage
a combined annual spend of more than EUR26 billion (NOK 300 billion).
 
The partnership aims to create value for its customers and unlock savings
through combined purchasing power and complementary geographies and expertise.
In addition, the partnership will deepen supplier and partner engagement and
strengthen supply chain resilience amid a rapidly changing geopolitical global
landscape.

This is driven by a shared commitment to responsible and sustainable business
practices and the continued promotion of high standards of environmental and
social responsibility within their supply chains, ensuring that economic impact
is underpinned by ESG leadership. 
	
Thomas Skjelbred, Group Chief Procurement Officer and CEO Telenor Procurement
Company, said: "This partnership will further strengthen Telenor's
competitiveness, ultimately increasing value for our internal operations,
associated companies, external customers, and shareholders. Collaborating with
Vodafone, we will expand our reach, address common challenges, and navigate a
reshaped global supplier landscape driven by ongoing geopolitical and
technological shifts."

Ninian Wilson, Vodafone Group's Supply Chain Management Director and CEO of
Vodafone Procure & Connect, commented: "We are excited by the collaboration
between our organisations. By combining our scale, complementary footprints and
competencies, we will drive sustainable efficiencies and greater innovation for
our customers. At the same time, we will simplify engagement for our partners,
reducing administrative burden and duplication in an increasingly complex
environment, while opening new opportunities to our suppliers and partners."

Brief overview of the companies:

Vodafone Procurement Company (VPC) is part of Vodafone Procure & Connect, the
unified brand representing the legal entities of VPC and Vodafone Roaming
Services (VRS), headquartered in Luxembourg. Vodafone Procure & Connect is a
global leader in supply chain and connectivity solutions. For more information
on Vodafone Procure & Connect, please visit www.vodafone.com/procureandconnect.

Telenor Procurement Company (TPC) operates as a subsidiary of the Telenor Group.
TPC deliver Global Category Management as a service to the Telenor Business
Units, joint venture partners, and beyond - taking full responsibility for the
end-to-end sourcing process and performance of global spend categories. 

The information contained herein is considered to be inside information pursuant
to the EU Market Abuse Regulation (MAR) and is subject to the disclosure
requirements pursuant to MAR article 17 and section 5-12 of the Norwegian
Securities Trading Act.

For further information, please contact:

Telenor:
David Fidjeland, Director Media Relations, e-mail: David.fidjeland@telenor.com 
Frank Maaø, SVP Capital Markets & Investor Relations, e-mail:
frank.maao@telenor.com

Vodafone:
Vodafone Media Relations
Vodafone.com/media/contact
GroupMedia@vodafone.com

Vodafone Investor Relations
investors.vodafone.com
ir@vodafone.co.uk

About Telenor Group

Telenor Group is a leading telecommunications company with operations in the
Nordics and Asia reaching 207 million subscribers across its portfolio. The
company reported revenues of NOK 79.9 billion in 2024. Telenor is committed to
responsible business conduct and driven by the ambition of empowering societies.
Connectivity has been Telenor's domain for 170 years, and the company's purpose
is to connect customers to what matters most. Telenor is listed at Oslo Stock
Exchange under the ticker TEL. For more information, see www.telenor.com. 

About Vodafone Group
everyone.connected

Vodafone is a leading European and African telecoms company.

We serve over 340 million mobile and broadband customers, operating networks in
15 countries with investments in a further five and partners in over 40 more.
Our undersea cables transport around a sixth of the world's internet traffic,
and we are developing a new direct-to-mobile satellite communications service to
connect areas without coverage. Vodafone runs one of the world's largest IoT
platforms, with 205 million IoT connections globally, and we provide financial
services to around 88 million customers across seven African countries -
managing more transactions than any other provider.

From the seabed to the stars, Vodafone's purpose is to keep everyone connected.

For more information, please visit www.vodafone.com follow us on X at
@VodafoneGroup or connect with us on LinkedIn at
www.linkedin.com/company/vodafone.