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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (93931)12/3/2001 1:34:38 PM
From: Night Writer  Read Replies (1) of 97611
 
Regus<RGU.L> to outsource IT in 25 mln stg deal

LONDON, Dec 3 (Reuters) - Britain's Regus Plc <RGU.L> said
on Monday it would outsource its IT support and infrastructure
requirements to computer manufacturer Compaq <CPQ.N> in a deal
worth 25 million pounds.
The deal would cut costs for Regus, a provider of fully
serviced offices, by almost 40 percent, the company said.
Telecoms firm COLT Telecom <CTM.L> and software group Cedar
<CED.L> would help manage Regus's IT requirements alongside
Compaq, Regus said.
"This outsourcing deal means that we double our service
levels, while reducing costs by almost 40 percent," Chief
Executive of Regus, Mark Dixon, said in a statement.
Regus runs a network of centres in 48 countries, providing
workstations and cleaning, security and maintenance services.
((Sonya Dowsett, London Company News Team, tel +44 20 7542
6701, fax +44 20 7583 3769, sonya.dowsett@reuters.com))
REUTERS
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