Telefónica awarded a 10-year contract for IBM to modernize and manage different Telefonica Human Resources and Finance Management processes of the telecommunications giant over the next 10 years.
As part of the agreement, IBM is acquiring three companies of Tgestiona -- a Telefónica company specialized in finance and human resources processes management for Communications Sector -- in Spain, Argentina and Peru.
"IBM was chosen as our strategic partner based on its ability to demonstrate market-leading best practices in finance and HR, deliver a superior user experience to Telefónica, and demonstrate automation and digital innovation while respecting the cultural diversity of our clients," said Javier Delgado, Director Planning, Projects and Global Services of Telefónica.
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