January 15, 2010 (FinancialWire) — IBM (NYSE: IBM) said it has signed a new five-and-a-half-year contract with Qwest Communications (NYSE: Q) for management of the company’s information technology operations. This is an extension of an existing IT operations contract that was signed in 2003.

As part of the agreement, IBM will continue to manage Qwest’s data centers, mainframe and midrange servers, storage, back-up and recovery services. The new contract is focused on delivery of more cost effective and flexible services, access to technology innovation, and reduction of risk.

According to IBM, the services provided will enable Qwest to generate cost savings and give the company greater reliability and availability in its IT infrastructure.  

Qwest offers a portfolio of data and voice networking communications solutions to enterprises, government agencies and educational institutions. The Qwest network covers the continental United States.

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