IBM (IBM) - Get Report was up 1% in early trading on news of a deal with Britain's largest cable group, NTL Inc. (NTL) .

Under the contract, valued at more than $2 billion, IBM will provide IT services for NTL's UK and Ireland operations. NTL stands to save $450 million by outsourcing the services, and will transfer 483 IT staff to IBM. NTL was up 0.9%.