IBM wins Bharti Tele's IT management order

By SiliconIndia   |   Friday, 26 March 2004, 08:00 Hrs
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NEW DELHI: Bharti Tele-Ventures Ltd, India's top provider of GSM-based mobile services, said on Friday it had awarded an information technology management order to the Indian unit of IBM.
Based on the estimates agreed between Bharti and IBM, the total deal for the first five years is estimated to be in the range of $250-$275 million and for a 10-year period the total deal is likely to be in the range of $700-$750 million, a Bharti statement said.

Bharti, 28 per cent owned by Singapore Telecommunications Ltd, was one of the earliest entrants in India's booming mobile services sector, one of the fastest growing markets globally.



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