All the speculations on whether IBM will get a renewal of its landmark contract with Bharti Airtel, largest telecom operator in India, have finally come to an end. Yesterday, IBM announced that Bharti Airtel has extended the agreement to manage latter’s infrastructure and application services over the next five years. The key highlights:
Although the deal value was not disclosed, Forrester estimates it at between $600 million and $700 million spread across five years.
The tenure of the contract has been reduced from 10 years to five.
Bharti Airtel plans to build in-house tech capabilities and expand its partner ecosystem as part of its new IT vision.