IBM's SVP explains the company's new cloud deal with AT&T that's worth 'billions.' CNBCatWork
Tuesday that it signed a multi-year agreement with AT&T enabling the carrier to host its business applications on the IBM Cloud.
An IBM spokesperson confirmed to CNBC that the multi-billion dollar deal will extend "over several years," but didn't specify the exact value of the agreement or the time frame.closed its $34 billion acquisition of open source software firm Red Hat t last week. In October, IBM said it would acquire all shares of Red Hat for $190 each in cash, representing IBM's largest deal ever.
As part of the agreement announced Tuesday, AT&T will use Red Hat's open source platform to manage workloads and applications and 'better serve' enterprise customers. AT&T and IBM will also team up on developing 'edge computing platforms' that harness 5G networks and internet-connected devices.
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