Corporate Finance

Telecom giant may be setting trend for IT contracts

One of India’s largest telecommunications companies may be signaling a new trend: Split large, general information technology consulting contracts ...
A CFO InterviewSeptember 12, 2013

One of India’s largest telecommunications companies may be signaling a new trend: Split large, general information technology consulting contracts into several contracts covering more specific services, such as application management. The company, Airtel, is looking to split up the IT duties now covered by a $2 billion outsourcing contract with IBM, according to Livemint.com. Those duties include managing software applications, data centers, back office operations, desktops and customer help desks. IBM is fighting to make sure that its contract is renewed when it expires next year, while Airtel apparently wants to contract with multiple vendors, Livemint reported. The contract has been a model followed by other telecom companies in India, and Airtel’s new multi-sourcing strategy fits with an overall trend away from mega deals that has been developing in IT, according to Information Age. Here is the Livemint story: Story
And here is the Information Age take on the story: Report

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