Renewal of the tech outsourcing deal comes even as Vi’s board meets Saturday to consider raising Rs 20,000 crore via a preferential share issue. Earlier this week, Vi’s shareholders approved a proposal to raise this capital through equity and equity-linked instruments.
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Industry experts say it makes business sense for the Vi-IBM tech outsourcing partnership to continue as the US tech giant can lend the necessary backbone and springboard to Vi for growth and expansion, given the telco’s plans to raise cash and roll out 5G services in priority markets.
“Over the past five years, Vi and IBM have had a fruitful relationship. This relationship is interesting as Vi also has had an active interest in offering IT and network services to enterprise clients, areas where IBM can bring value. Any deal of this nature, though, will have substantial elements of cloud computing and other as-a-service components to offer business and billing flexibility,” said Sanchit Vir Gogia, chief analyst & CEO, Greyhound Research.
EconomicTimes.com
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