India's Idea Cellular signs deal with IBM worth 600-800 mln usd |
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Thu, 22 Mar 2007 08:59
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BANGALORE (XFN-ASIA) - Mobile-phone firm Idea Cellular said it has signed a deal with IBM potentially worth as much as 800 mln usd to the US company.Under the 10-year pact, IBM will provide Idea Cellular with technology backup and handle business processes ranging from billing and credit collection to subscriber management and fraud control.The deal, depending on Idea Cellular's revenue and business expansion, will be worth between 600-800 mln usd, a statement said.'We will harness IBM's power to support Idea's explosive growth ... with the most advanced business processes globally,' Idea Cellular Managing Director Sanjeev Aga said in the statement.The deal will reinforce IBM's position as a leading partner to telecommunication companies, said Shankar Annaswamy, who heads IBM India.Idea Cellular, which is listed on the Bombay Stock Exchange and the National Stock Exchange, is a part of the 12 bln usd Aditya Birla group.afp/km
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IBM close to securing 600-700 mln usd deal from India's Idea Cellular - report 