Global to tie up with Oracle

MUMBAI: Indian telecommunications, engineering and software services firm

Global Tele-Systems will tie up with Oracle India to get into the application

service provider (ASP) business, a source close to the deal said on Wednesday.

Oracle India is a unit of Oracle Corp., the world's second biggest software

maker. The applications to be offered on this service will be the Oracle

enterprise resource planning packages. The company will develop a fee structure

that will be based on usage, the source said.

Shares of Global were Rs 2.25 lower at Rs 1,327 on the Bombay Stock Exchange

in early deals on Wednesday.

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