Telefónica and IBM Join Forces in Technology Agreement

Companies to collaborate on improving Telefónica's IT infrastructure and delivering business solutions in Spain and Latin America

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Madrid/New York - 25 Mar 1999: . . . Telefónica and IBM today announced an agreement that will combine their strengths in telecommunications and information technology, leveraging Telefónica's IT infrastructure to provide solutions for business customers over Internet Protocol (IP) networks in the Spanish and Latin American markets. Under the terms of the agreement, the two companies will:

Telefónica and IBM, as leaders in their respective markets, have the complementary competencies necessary to jointly develop this business in the Spanish market, with an eye toward future expansion to other markets, specifically Latin America.

The two companies will also explore ways to extend the agreement to such areas as business solutions for Telefónica's growing base of mobile telephone customers and internal business processes such as acceleration of Telefónica's ongoing Lotus Notes implementation.

Under the agreement, Telefónica Data will provide:

IBM will provide:

Telefónica Data and IBM will define a portfolio of products and services for large corporations and small- and medium-sized businesses, which will include:

Telefónica, Spain's largest publicly traded company and the leading provider of telecommunications services in the Spanish and Portuguese speaking world, has a market capitalization of more than 41.5 billion euros. Telefónica has international interests in fixed and mobile telephony, data transmission, Internet services and content, and broadcast media. For more information visit

IBM is the world's largest IT company, with 85 years of leadership in helping businesses innovate. IBM Global Services integrates all of IBM's capabilities - services, hardware, software and research - to help customers realize the full value of IT. IBM has been providing specialized solutions to the telecommunications industry for the past quarter century. For more information visit

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