Telefónica and Masternaut have reached an agreement to jointly market telematics-enabled fleet management services that aims to allow businesses to make cost savings, whilst delivering improvements in customer service and employee safety.

Both Telefónica and Masternaut will share product roadmaps to create market-leading future products.

The agreement, which gives Telefónica’s professional teams access to Masternaut’s telematics products and services.

According to the terms of the agreement, the two companies will market joint products designed to target the growing sustainable fleet market, where customers can benefit from fuel savings of up to 20% through driver behaviour management.

Masternaut will provide fleet management services, applications, platforms and technical support, while Telefónica will contribute with its commercial network, including pre- and post-sales support, and customer care.