Technoglitch
Core Member
Vodafone India Ltd, India’s second-largest mobile-phone services company, on Tuesday renewed a multi-million-dollar agreement with International Business Machines Corp. (IBM) to manage information technology (IT) services support for its infrastructure and applications.
By bringing together Vodafone India’s enterprise data and cloud-ready applications into a scalable environment that keeps data local, private and secure, the new IBM hybrid cloud platform will enable delivery of faster and more insightful data intelligence and faster decision-making.
IBM India refused to comment on the deal size, but estimates by research firm Greyhound Research put the value in the range of $750-$850 million and expected to cross $1 billion by 2023.
“It is critical to note the current contract is 25% bigger compared to the first one signed in 2007 ($600 million)—but there’s more to it. In 2007, the value of $600 million stood atRs.2,364 crore (calculated using the rate of $1=Rs 39.4). Per current exchange rate, $750 million stands at Rs.5,000 crore (calculated using the exchange rate of $1=INR 66.7),” said Sanchit Vir Gogia, chief analyst and chief executive of Greyhound Research.
Vodafone India signs IT deal with IBM for five years - Livemint
By bringing together Vodafone India’s enterprise data and cloud-ready applications into a scalable environment that keeps data local, private and secure, the new IBM hybrid cloud platform will enable delivery of faster and more insightful data intelligence and faster decision-making.
IBM India refused to comment on the deal size, but estimates by research firm Greyhound Research put the value in the range of $750-$850 million and expected to cross $1 billion by 2023.
“It is critical to note the current contract is 25% bigger compared to the first one signed in 2007 ($600 million)—but there’s more to it. In 2007, the value of $600 million stood atRs.2,364 crore (calculated using the rate of $1=Rs 39.4). Per current exchange rate, $750 million stands at Rs.5,000 crore (calculated using the exchange rate of $1=INR 66.7),” said Sanchit Vir Gogia, chief analyst and chief executive of Greyhound Research.
Vodafone India signs IT deal with IBM for five years - Livemint
