Tuesday, June 19, 2007

RCOM in talks with Accenture for a JV

Telecom operator Reliance Communications (RCOM) is in talks with IT services and consulting giant Accenture to float a joint venture to manage and operate the Anil Dhirubhai Ambani Group’s IT infrastructure services and processes. The JV will be largely owned by RCOM and will have control over a business worth $1.5-2 billion, a person close to the negotiations said.

Telecom operators such as Bharti Airtel and Idea Cellular have shed non-core functions such as IT and network management to multinational giants such as IBM and Nokia in order to focus on the main function of selling services.

(Source: ET)

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