Follow Slashdot blog updates by subscribing to our blog RSS feed


Forgot your password?
Check out the new SourceForge HTML5 internet speed test! No Flash necessary and runs on all devices. ×

AT&T buy up IBM's Global Network Business

Bryce writes "AT&T and IBM announced a series of strategic agreements under which AT&T will acquire IBM's Global Network business for $5 billion in cash. (That's a lot of stuffed suitcases going across the boards tables) IBM will outsource a significant portion of its global networking needs to AT&T. AT&T will outsource certain applications processing and data center management operations to IBM. The transactions could represent $2.5 billion in additional revenue to AT&T in the first full year of operation. The IBM Global Network business AT&T will acquire serves the networking needs of several hundred large global companies, tens of thousands of mid-sized businesses and more than one million individual Internet users in 59 countries. The acquisition boosts AT&T's strategy to rapidly increase the company's revenue, especially at its fast- growing networking services unit, AT&T Solutions. About 5,000 IBM employees will join AT&T as part of a You'll find the AT&T's press release and the IBM version "
This discussion has been archived. No new comments can be posted.

AT&T buy up IBM's Global Network Business

Comments Filter:

Given its constituency, the only thing I expect to be "open" about [the Open Software Foundation] is its mouth. -- John Gilmore