IBM, Vodafone create JV to provide cloud, 5G and AI, ink deal worth USD 550 mln

News Wireless Global 17 JAN 2019
IBM, Vodafone create JV to provide cloud, 5G and AI, ink deal worth USD 550 mln

IBM and Vodafone Business are creating a new venture that will provide companies across Europe and beyond with the open, flexible technologies they need to integrate multiple clouds and prepare for the next wave of digital transformation enabled by AI, 5G, edge and software defined networking (SDN). The new venture will be operational in the first half. Under the new venture, Vodafone Business customers will immediately have access to the full portfolio of IBM's cloud offerings, underpinned by IBM's deep industry expertise and open technologies.

As part of the agreement, IBM will provide managed services to Vodafone Business' cloud and hosting unit, in an eight-year engagement valued at USD 550 million (EUR 480 million). Customers will benefit from IBM's optimisation, automation and cognitive functionalities which help them to run their business effectively in a cloud environment.

The new venture will co-develop new digital products, combining the strengths of Vodafone's leadership in IoT, 5G and edge computing with IBM's multi-cloud, industry expertise and professional services functionalities.

Thanks to edge computing and IoT technologies from Vodafone working with the latest AI and augmented reality applications from IBM, engineers will be able to pinpoint and resolve faults on equipment in minutes rather than hours, potentially saving millions in lost productivity.

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