IBM Wins Outsourcing Work From Indian Company

[OhioChick]

Source: Forbes

03.21.07, 7:06 PM ET

MUMBAI - Here’s a twist: an Indian company outsourcing operations to an American one.

IBM (nyse: IBM - news - people ) on Wednesday said it had won a 10-year contract from Indian mobile network operator Idea Cellular valued at between $600 million and $800 million.

IBM will help handle services like billing, revenue assurance, credit collection and subscriber management, and manage the Indian company’s IT infrastructure.

The deal is based on a risk-reward revenue sharing model and revenues are to an extent dependent on the revenues and expansion of Idea Cellular, India’s fifth-largest mobile operator with 14 million subscribers.


Read more: http://www.forbes.com/markets/economy/2007/03/21/ibm-india-idea-markets-equity-cx_rd_0321markets26.html