IBM announced Tuesday that it signed a multiyear agreement with AT&T enabling the carrier to host its business applications on the IBM Cloud.
Tuesday that it signed a multiyear agreement with AT&T enabling the carrier to host its business applications on the IBM Cloud.
An IBM spokesperson confirmed to CNBC that the multibillion-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 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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