This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Telenor Norway Signs IT Collaboration Agreement With Accenture

Telenor Norway has entered into an IT collaboration agreement with Accenture (NYSE: ACN) to help manage the development and maintenance of IT systems within the mobile value chain. The collaboration will help improve services for Telenor's customers and ensure faster introduction of new offers and products to the market.

Accenture will be responsible for managing some of Telenor Norway’s IT systems, including its web solutions, and systems related to sales, orders, and billing. Financial terms of the contract were not disclosed.

“Telenor is an engine within the development of telecommunications services in Norway and abroad. Now we are entering into a strategic cooperative relationship with Accenture, a leader in developing and delivering IT managed services. Accenture will help increase our expertise while providing us with great flexibility and extra capacity to resolve major tasks in the future,” said Berit Svendsen, CEO, Telenor Norway.

According to Svendsen, Norwegians' use of mobiles has changed radically in the space of a few years, and services that did not exist just a short time ago are now among some of Telenor’s most important communications solutions.

“We are in the middle of an exciting technology shift that requires large IT investments and changes to our work processes,” Svendsen said. “Accenture is an innovative company with valuable international expertise that will help to strengthen us during this technology shift. They have several of the world's leading telecommunications companies as customers, and with this experience they will help ensure that Telenor Norway continues to be a technology leader.”

As part of the agreement approximately 120 Telenor employees who currently work with relevant IT systems will be transferred to Accenture by December 1, 2013. Telenor Norway's IT department will consist of around 300 employees after the transfer.

“We are very pleased that this agreement with Accenture also helps ensure that the necessary expertise is preserved through the transfer of highly qualified employees, who will work both with Telenor and other customers at Accenture,” said Svendsen.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,752.93 +133.42 0.76%
S&P 500 2,076.47 +13.36 0.65%
NASDAQ 5,019.8840 +33.0170 0.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs