Australian telco Telstra on Tuesday said it has renewed and awarded outsourcing contracts worth about $1.2 billion to IBM, Infosys and EDS as part of its vendor consolidation exercise to increase efficiency.
As per Telstra’s major vendor agreements, EDS and Infosys would share $450 million application development and maintenance contract over five years. Besides, Telstra also announced that IBM has been awarded a renewed IT Operations Services agreement worth $ 750 million for five years for managing the telcos’ IT infrastructure. These consolidated contracts contribute to our strategy and ensure an ongoing investment with our key partners, it added.
Published 09 June 2009, 15:47 IST