This past October marked the first time in the history telecom expense management industry a telecom carrier has acquired a TEM vendor. Actually, make that two TEM vendors.
Vodafone Limited, a large, publicly traded telecom carrier announced the acquisition and consolidation of two established telecom expense management companies: Quickcomm and TnT.
This acquisition really speaks well of Vodafone’s corporate strategy. Marrying these two “opposing” businesses makes a lot of sense. Considering the fact that the two businesses traditionally work “against” one another to neither the carrier’s, nor the end customer’s benefit, this arrangement provides not only internal expense management expertise, but also an additional (and profitable) revenue stream. [Read more…] about Consolidation is BIG NEWS for the Telecom Expense Management Industry