EDB and Telenor in negotiations with IBM on a strategic agreement

EDB Business Partner and Telenor have decided to commence final negotiations with IBM intending to enter a comprehensive strategic agreement, that will include making IBM a partner for EDB and Telenor in the companies' intended technology consolidation.

EDB Business Partner and Telenor have decided to commence final negotiations with IBM intending to enter a comprehensive strategic agreement, that will include making IBM a partner for EDB and Telenor in the companies' intended technology consolidation. Final negotiations will commence immediately.

Following a detailed review process, EDB and Telenor have decided to enter into final negotiations with one of the two suppliers still under consideration, IBM and HP. Choosing IBM is based on a comprehensive evaluation of the three main areas that will make up the final agreement. The areas are technological strength, commercial and financial terms and conditions, and the framework and terms for a new, strategic collaboration.
 
If IBM does not reach final agreement with EDB and Telenor, the companies will have the opportunity to enter into final negotiations with HP.
 
"We are keen to find a framework for collaboration at a strategic level that will ensure the development of competitive and forward-looking solutions for both Telenor and EDB. IBM will be an excellent partner for us in this respect. Moreover, as a supplier of outsourcing services, it is essential that EDB can offer operating services for a range of technology from different suppliers and that we maintain our expertise for these platforms. An agreement with IBM will also take this into account", explains EDBs Group CEO Endre Rangnes. "We believe that collaboration with IBM will secure EDB's competitiveness, strengthen the foundation for profitable growth and at the same time offer attractive solutions for our customers", adds Rangnes.