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The Globe and Mail

IBM, Vodafone extend India outsource deal

A man speaks on a mobile phone in front of a Vodafone Group Plc. advertisement in Mumbai, India, on Saturday, July 25, 2009.

PRASHANTH VISHWANATHAN/BLOOMBERG







IBM has signed an extended deal estimated at up to $1-billion to manage the information technology systems of Vodafone's Indian unit until 2017, the Economic Times reported on Thursday.

Vodafone Essar had agreed a five-year IT outsourcing deal with IBM in 2007.

When contacted by Reuters, a Vodafone Essar spokesman said the companies had agreed to extend the deal, but declined to give any details. A spokeswoman for IBM in India could not immediately comment.

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The newspaper cited three unnamed people as saying that the companies had agreed last month to restructure the contract estimated at $800-million to $1-billion.

The paper said the five-year contract signed in 2007 was worth more than $400-million.

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