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CSC wins £450m Marconi outsourcing gig

10 years. 10 years!

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CSC has won a £450m ($735m) worldwide IT helpdesk and telecoms services outsourcing deal from Marconi, the incredible shrinking networking company.

CSC will take 360 Marconi staff onto its books, while BT, a subcontractor for the gig, will take on another 40.

The mega-deal lasts for 10 years, which shows remarkable confidence by confidence in the survival of its new customer.

Marconi has escaped from more death-defying stunts than Houdini, thanks to torching its shareholders. But lately, the UK firm has a poor track record in forecasting sales perfomance: the customers ain't buying. Is it because the networking equipment market is crap or is it because companies have lost interest in buying from Marconi?

Only Time, as they say, will tell. ®

Related stories

Marconi lives! (But sales are slumpier)
Marconi shareholders to get only 0.5% of equity

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