IBM, NTT in $13.8 b. service tie-up

By : |October 31, 2000 0

TOKYO: IBM Japan Ltd., the Japanese unit of International Business Machines
Corp, and Japan’s NTT said on Tuesday they had agreed to cooperate in the
information technology sector in a tie-up that would be worth 1.5 trillion yen
($13.80 billion) over 10 years.

IBM Japan and NTT Comware, a wholly-owned subsidiary of Japanese telecom
giant Nippon Telegraph and Telephone Corp, said in a statement issued before
beginning a joint briefing that the alliance would cover application
development, user support and other IT-related areas.

It will begin in December.

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Industry sources said on Monday that the agreement gives the world’s No. 1
computer maker a big boost in telecom services in Asia.

It represents IBM’s largest outsourcing deal in Asia so far, the sources
said.

(C) Reuters Limited 2000.

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