IBM awarded $280 million IT outsourcing contract by Saudi's Mobily

  • Saudi telecom firm Etihad Etisalat (Mobily) has awarded IBM a five-year contract worth $280 million to outsource its IT operations.

    The contract will be self-financed and is expected to improve Mobily’s products.

    Mobily has a market value of $12.3 billion and is the second biggest operator in Saudi Arabia.