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High Tech News

IBM Wins Deal to Manage Firm's IT Unit

Wednesday, March 21, 2007 7:29:22 AM
By RAJESH MAHAPATRA

 Indian President A.P.J. Abdul Kalam speaks at an IBM employee event in Bangalore, India, in this, June 6, 2006 file photo. IBM Corp. said Wednesday, March 21, 2007,  it has won a 10-year contract to manage the information technology infrastructure of Indian mobile company Idea Cellular in a deal valued between US$600 million (euro450 million) and US$800 million (euro600 million). (AP Photo/Gautam Singh, File)NEW DELHI (AP) - IBM Corp. said Wednesday it has won a 10-year contract to manage the information technology infrastructure of Indian mobile company Idea Cellular in a deal valued between $600 million and $800 million.

The agreement with Idea Cellular Ltd., India's fifth-largest mobile phone company with 14 million subscribers, covers its existing operations and potential new additions, International Business Machines Corp. said in a statement. The deal also involves some back-office operations.

The contract reflects IBM's efforts to win more business within India, where it is investing $6 billion over three years through 2009 to expand service centers catering to customers worldwide.


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