Newsbite: IBM has announced a new global five-year ITO contract with Ericsson. IBM will manage application maintenance, development and operation for Ericsson, extending an existing contract signed in 2003.

Lars Stanghed, Managing Director to the Global Client Ericsson and Chairman of IBM Sweden, said: "During the last five years IBM has delivered IT services to Ericsson and we are delighted to continue this relationship and to further strengthen our position in the outsourcing market".

The new agreement was signed on June 19, 2008.