IBM wins outsourcing deal with India's IDEA Cellular valued at between $600M and $800M

March 22, 2007

1 Min Read

MUMBAI, India -- International Business Machines (NYSE: IBM) and Idea Cellular Ltd. (Idea), a leading Indian GSM mobile services provider and an Aditya Birla Group company, today announced a 10 year business transformation pact to integrate, innovate and transform Idea's business processes and IT infrastructure. The pact is designed on an innovative risk - reward revenue sharing model. It covers all of Idea's existing operations and potential new additions. The 10 year pact, depending upon Idea's business revenues and circle expansion, would size around US$ 600 million to US$ 800 million.

Announcing the pact, Mr. Sanjeev Aga, Managing Director, Idea Cellular Ltd., said, "Idea is focused on innovation led growth. Our partnership with IBM will bring value to our customers, employees and shareholders. We will harness IBM's power to support Idea's explosive growth with robust, best-in-class solutions that address scalability, complexity, innovation and cost control, to provide Idea with the most advanced business processes globally."

Mr. Shanker Annaswamy, Managing Director, IBM India and South Asia, said, "IBM will bring its deep global expertise in business transformation and innovation to enable Idea to meet its customer value, business growth and productivity objectives. We are delighted to partner with the Aditya Birla group. This win reinforces IBM's position as a leading partner to global telecommunication companies."

IBM Corp. (NYSE: IBM)

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