T-Systems Signs Preliminary Outsourcing Contract With Philips
October 12 2009 - 3:48AM
Dow Jones News
T-Systems, Deutsche Telekom AG's (DT) corporate customers arm,
has signed a preliminary outsourcing contract with Dutch
electronics company Koninklijke Philips Electronics NV (PHG), a
spokesman for T-Systems told Dow Jones Newswires Monday.
T-Systems expects to sign a final contract in the coming weeks,
the spokesman said, but declined to comment on the financial
details of the deal.
The comments confirmed a report in Germany's Boersen-Zeitung on
the weekend. According to the report, the volume of the deal would
be several hundred million euros.
Company Web site: www.boersen-zeitung.de; www.t-systems.de
-By Frankfurt Bureau, Dow Jones Newswires; +49 69 29725 500;
djnews.frankfurt@dowjones.com