Channelnewsasia.com
Tuesday, December 02, 2008
   
 
  blogs  
 
yournews
   
Mumbai Attacks
Video Finance Features Weather Travel Discussion TV Shows
CNA Live    | About Us 
 
  Home ›
 
Business News

 
 

FIFA signs up India's Satyam as IT services provider
Posted: 25 November 2007 0624 hrs

 
 
Photos  of

   
 


DURBAN, South Africa : Software group Satyam has become FIFA's first major sponsor from India after being appointed as their official IT services provider for the next seven years.

Under an agreement signed here on Saturday, Satyam will join global giants such as McDonalds and the US brewer Anheuser-Busch as one of six World Cup sponsors.

The Indian company will provide Information Technology (IT) support for the 2010 and 2014 World Cups to be held in South Africa and Brazil respectively.

"This is a momentous day for Satyam, as we pledge to work much more closely with FIFA than we have in the past in the run up to 2010 and 2014," the company's founder and owner B. Ramalinga Raju said after the signing ceremony.

"We will bring the benefits of ever-evolving IT services to the organisation of these events and we feel our contribution will be really dramatic."

Sepp Blatter, the president of world football's governing body FIFA, welcomed the deal.

"This is a premier," he told a press conference on the eve of the qualifying draw for the 2010 tournament.

"For the first time in the history of the World Cup we have a global company from India supporting this biggest sporting event.

"This is our first Indian partner, it is a seven-year deal and I'm very proud about that."

The value of the contract to FIFA was not divulged.

Satyam is the fourth World Cup sponsor to be signed by FIFA following McDonalds, Anheuser-Busch and South African telecommunications group MTN, with two more to be finalised.

World Cup sponsors form the second tier of FIFA's commercial hierarchy, behind the six official 'FIFA Partners' -- Adidas, Coca-Cola, Emirates, Sony, Visa and Hyundai.

- AFP /ls

 

 



Other business News
UN calls for 'massive' economic stimulus to temper global crisis
German bank BayernLB unveils 5,600 job cuts, mainly in Asia
US Citigroup to buy Sacyr's Itinere highway operator
Ford mulls sale of Sweden-based Volvo Car
Asian stocks mostly down ahead of key US data, rate decisions
Investors expected to be more cautious following Mumbai terror attacks
Survey of Chinese firms signals gloomy economic outlook
Malaysian economy expected to grow 5.5% in 2008
Bank of Japan to announce new credit steps
SKorean automakers cut production amid slow sales
Markets look to central banks for relief
Citigroup Philippines to grow workforce despite global job cuts
OPEC to slash December output
Oil down in Asia as OPEC maintains output quota
South Korean exports fall sharply as global recession bites
Russia's Gazprom warns Ukraine to clear gas debts
Chastened Big Three US automakers to present recovery plan

 


Advertisements

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions