Telstra, Australia’s largest telecommunications company, has awarded EDS (NYSE: EDS) a major five-year contract worth approximately US $300 million (AUD $500 million) to provide software maintenance and development for its billing functions and shared services.
“This alignment with EDS will allow Telstra to significantly reduce IT costs through process efficiency, increase our speed-to-market for infrastructure and solutions that support customer initiatives and improve quality of information and delivery,” said Dwight King, Telstra’s managing director of business and wholesale. “We are confident this relationship will contribute to the long-term success of both companies.”
EDS will provide all applications development and maintenance of billing and shared services. All Telstra employees in the scope of the contract will be offered positions with EDS.
“We are delighted to begin this new phase in our relationship with Telstra,” said Jim Duffey, EDS vice president, Information Solutions Asia Pacific – South Region. “The EDS team is dedicated to providing Telstra with world-class service and innovative solutions. This agreement demonstrates our leadership in IT services and our ongoing commitment to the telecommunications sector in this region.”