MUMBAI: Idea Cellular Ltd, India's fifth-largest mobile phone firm, said on Wednesday its 10-year contract for IBM's Indian unit to develop its business processes and technology infrastructure was valued at up to $800 million.
Earlier ET had reported, Idea was set to close the deal at $600-700 mn.
The value of the 10-year contract could still go up depending on the scope of services to be offered by the Big Blue during the duration of the deal. Sources said the contract would be somewhat different from the one that IBM inked with Bharti in 2004. “This deal is also expected to cover billing, call centre operations, customer care management and data management for Idea,” said sources. A formal announcement is expected shortly.
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