BT & HP sign $660M partnership extension

BT and HP announced a $660 million, seven and a half-year extension to their existing partnership, the BT HP Alliance. HP will continue to serve more than 100,000 BT customers in the U.K. under the arrangement.

The Alliance, "transforms and simplifies customers' networked IT services and provides better costs points, flexibility, service levels and time to market for BT's customers," according to the release and has created $5.3 billion in additional revenue for the two companies.

"This contract renewal offers BT competitively priced services across a number of key areas of our IT infrastructure," David Butcher, managing director, Service Introduction, BT Operate, said in a prepared statement. "HP is a key partner for BT and this deal will create the platform for accelerated innovation and delivery of services for our customers." 

On HP's side, there's the win of a substantial contract and the ability to highlight a large telecom customer using its IT services.

For more:
- see the companies' press release here 

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