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
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.
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.