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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,086.63 -26.91 -0.16%
S&P 500 1,987.01 +3.48 0.18%
NASDAQ 4,473.6970 +17.6810 0.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs