The Vodafone Group today announced its intention to create a strategic partnership with Accenture to accelerate growth, improve customer service and generate significant efficiency gains.

The strategic partnership will build on the 'Vodafone Intelligent Solutions' shared services unit, with the aim of creating 'a large-scale organization with high-quality services and accelerated time-to-market for its portfolio of offerings'.

The new unit will leverage Accenture's world-class technology and transformation services, such as its digital solutions and platforms, as well as its deep expertise in AI.

Accenture will invest around €150 million for a minority stake in the partnership.

'We are excited about the potential of our new shared business services organization and the opportunity to serve not only Vodafone's own markets, but also our telecom partners in the industry,' said Margherita Della Valle, Vodafone Group CEO.

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