India's largest private telecom company, Bharti Airtel's 10-year $750 million outsourcing deal with IBM has touched the $2.5 billion mark as of March-end 2009, a top executive familiar with the deal told ET.
This week, Bharti and IBM are set to kick off celebrations in Delhi to mark the half-way tenure (five-year mark) of this first-of-its kind IT outsourcing deal.
Riding on the success of this deal with Bharti, IBM had also signed similar outsourcing deals with Vodafone and Idea Cellular last year, worth $1.2 billion and $900 million, respectively. In February this year, IBM also announced an IT outsourcing deal with Malaysia’s leading operator Maxis. Executive familiar with this partnership said that the Maxis deal was too, similar to the ones IBM has with the Indian operators.
Tuesday, April 7, 2009
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