July 16 (UPI) -- AT&T announced a new partnership worth billions Tuesday that will allow the mobile carrier to host business data on IBM Cloud servers.
The companies said it's a multi-year, multi-billion-dollar agreement. An IBM spokesperson told CNBC it will last for "several years" -- but didn't say exactly how much AT&T will pay to use the IBM Cloud, or when it will start.
Under the deal, AT&T will modernize business software applications. The deal also builds on AT&T's existing relationship with IBM as its strategic global network provider.
Tuesday's is IBM's second major deal in a week. The company completed a $34 billion deal on July 9 with open source software firm Red Hat. As part of that agreement, AT&T will use Red Hat's platform to manage work loads and applications.