IBM, NTT Comware Ink $US15B IT Services Pact

IBM and Nippon Telegraph & Telephone (NTT) have agreed on a 10-year computer services outsourcing agreement worth up to $US15 billion, the companies announced Tuesday.

As part of the IBM/NTT agreement, IBM's Global Services division will provide outsourcing services to the NTT group through its NTT Communicationware. IBM and NTT Comware will also jointly provide services to other companies in Japan, the companies said.

The alliance is expected to begin in December, though the companies are still negotiating exactly what the "scope of services" will be for each company, IBM and NTT said.

IBM has made numerous outsourcing deals in Japan this year totaling around $US4.5 billion, excluding the deal with NTT, IBM and NTT said.

The other outsourcing deals include a 10-year, $US660 million agreement with Tokyo-based Sumitomo Metal Industries Ltd.; a six-year, $US370 million agreement with Japan Consumer Credit Services Co. Ltd., one of the Japan's largest consumer credit companies, and a $US1 billion, 10 year agreement with Mitsui Mutual Life Insurance Co.

IBM, in Armonk, New York, can be reached at http://www.ibm.com/.

NTT, in Tokyo, can be found online at http://www.ntt.co.jp/.

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