<p>Indian global telecommunications company, Bharti Airtel Ltd (Bharti) is currently re-negotiating a ten year information technology (IT) outsourcing contact with International Business Machines Corp. (IBM).</p><p>The move will reduce IBM's share of the contract to offer business to other technology service vendors, rumoured to be led by Tech Mahindra who could secure business amounting to $50-$100m a year.</p><p>The ten year contract was originally signed for around $750m in 2004 as part of a revenue-sharing agreement and is valued between $2.5-$3bn. At the time, there were not many vendors who could compete with IBM, but following slow revenue growth across the telecom industry in general, caused by lagging subscriber base expansion, the Indian telecommunications company are looking to explore their options with other, credible vendors.</p><p>According to inside sources, the overhaul will see IBM's share of the business decrease from an estimated $310m a year to $100-$150m annually, subject to the terms of a shortened three and a half year deal which is currently being negotiated.</p><p><a href="http://www.sharedserviceslink.com/news/ibm-s-10-year-contract-with-bharti-airtel-under-re-negotiation">Keep reading...</a></p><p>Read also:</p><p><a href="http://www.livemint.com/Companies/3CoKjvJNrA2Gk3IUDod8fJ/Bharti-Airtel-set-to-reduce-IBMs-share-in-outsourcing-deal.html">Bharti Airtel set to reduce IBM's share in outsourcing deal</a> (Livemint)</p><p>Explore: <a href="http://news.google.com/news/more?ncl=d-Zb03fcEsZNLXM2Zbflnzlh9T9sM&ned=us">3 additional articles.</a></p>