IBM has withdrawn an application for anti-trust approval for a mainframe computi...
A man stands near an IBM logo at the Mobile World Congress in Barcelona, Spain, February 25, 2019. REUTERS/Sergio Perez
Pulling the deal marks a setback for T-Systems CEO Adel Al-Saleh, who since being hired at he start of 2018 has reduced staff, closed offices and sought to hive off business lines that are not expected to generate profitable growth. The firms said in January they would team up to provide computing services at on-site servers, a traditional strength of IBM that has been challenged in recent years by the explosion of ‘cloud’ computing hosted at remote datacenters.
Al-Saleh of T-Systems said IBM’s withdrawal of its filing to the cartel office was by mutual agreement and he would explore further options.
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