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News >> Technology >>
TCS signs $100 Million deal with Phones 4U
By siliconindia
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Friday, 30 January 2009, 00:02 IST
Bangalore: Bangalore based Tata Consultancy Services (TCS) has signed a $100 million dollar agreement to provide managed IT services to 4UGroup, the holding company behind Phones 4U, a UK telecommunication and financial services firm.
Under the agreement, TCS will provide services including service management, application support, maintenance, management and development, data centre and desktop services, helpdesk, networks and communications, business support. TCS will also cater to the third party contracts for 4UGroup. "This contract demonstrates that while there is undoubtedly unrest in global markets, there is still interest and investment going into outsourcing contracts," said Ian Brown, Senior Analyst at Ovum.
For the telecom firm the contract is signed to enhance their business IT model, while for TCS this serves as an opportunity to expand its operations on Phones 4U.