Bank signs Â£500m deal for IBM net telephones
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Banking group Lloyds TSB yesterday awarded IBM a Â£500m contract to supply internet telephony and data services in one of the biggest such deals seen in Europe.
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A consortium led by Macquarie Communications Infrastructure Group agreed Thursday to pay 1.27 billion British pounds (US$2.5 billion; euro1.8 billion) for NTL Inc.
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Northern Rock, one of Britainâs biggest casualties of the credit crisis, sold part of its mortgage portfolio to JPMorgan as it seeks to repay about Â£25 billion, or $49 billion, in emergency financing.
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It seems like the season of big contracts. Dell recently bagged a biggie from Philips and now IBM gains one from the Britainâs retail bank, Lloyds TSB.
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British Telecom (BT) said it has signed an agreement to acquire Infonet, a leading provider of IT and telecom services, for a consideration of $865 million.
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IBM Corp. has offered to buy Telelogic AB, a Swedish developer of software development tools, in a cash deal valued at 5.2 billion Swedish krona, or about US$745 million, the companies announced Monday.
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Microsoft Corp has signed a new 500m pound ($920m) contract to supply a desktop operating system and software to the UK&#39;s National Health Service, including provisions to develop a tailored interface for clinical systems.
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LONDON - BT Group, the British telecommunications company, said Monday that it&#39;s buying US-based Infonet Services in a deal that values Infonet at $965 million.
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British Telecom is buying U.S.-based Infonet Services in a deal that values the company at almost $1 Billion.
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Traders assess impact of unprecedented Â£50bn support package from central banks
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Caixanova and IBM (NYSE: IBM) today announced details of a 10-year, 70 million euro information technology services agreement that will optimize the savings bank's IT platform and prevent data loss in the event of possible interruptions.
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BCE Inc, Canada's largest telecommunications group, on Saturday accepted a C$51.7 billion ($48.5 billion) offer from a group including the Ontario Teachers Pension Plan, and said it would be the largest buyout in Canadian corporate history.
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(InfoWorld) - Banking and insurance conglomerate ING Group has finalized contracts worth â¬750 millionÂ ($994 million) with a consortium of companies to provide workspace services for its 53,000 employees in Europe. The contracts with Royal KPN, Getronics, Atos Origin, and AccentureÂ are each for seven years and cover the installation, maintenance, and support of desktop PCs, laptops, printers and telephones, the companies said Thursday. It's the biggest of three outsourcing deals that ING has finalized recently, worth a combined total of â¬1.3 billion. They are part of a cost-cutting plan announced last November that is designed to save the company â¬460 million per year, including â¬230 million from operations and IT. ABN AMRO Bank made a similar moveÂ last year, announcing a plan to outsource its IT operations worldwide in a series of deals worth â¬1.8 billion over five years. The bulk of that contract went to IBM. KPN took the biggest slice of the latest ING contract. It was awarded â¬269 million to provide fixed and mobile communications, call center, LAN (local area networking) and conferencing services for staff in the Netherlands and Belgium. Atos Origin was awarded â¬216 million to design and manage ING's back-end office automation, including e-mail and the active directory, and provide related support for end users. Getronics was awarded â¬213 million for help desk and on-site support for end users, as well as hardware purchasing and asset management. Accenture was awarded â¬52 million to be the "integrator," coordinating services and managing the supplier contracts. When ING announced an initial agreement with the four companies in July it said the contracts would run for five years and be worth about â¬800 million. It estimated that 550 full-time employees would be transferred to the contractors. That number will now be 430, it said Thursday. Of the earlier outsourcing contracts, on Nov. 6 ING finalized a six-year, â¬200 million deal with LogicaCMG for application management, IT maintenance and testing. And on Dec. 6 it signed a seven-year, â¬350 million contract with the U.K.'s Astron to process its banking and insurance documents.
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IBM (NYSE: IBM) announced today it recently surpassed the major milestone of its 500th deployed offering under the Built on IBM Express Advantage program, launched in April, 2005.
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Telecoms operator BT Group said it had agreed to buy Californian voice and data network service provider Infonet Services Corp for 965 million dollars (520 million pounds).
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The largest voice-over-IP business deployment revealed to date presents new opportunities, for both the bank that&#39;s using it and the services provider that&#39;s implementing it.
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IBM is celebrating a seven-year contract to provide voice and data solutions to Lloyds TSB, as part of the largest European IT deal of its kind, worth an estimated Â£500m.