Capita rose 6.3% and topped the FTSE 100 today after securing a 10-year deal with O2 worth around £1.2 billion.
Capita provides outsourcing and professional support services across both public and private sectors, with clients that include British Gas, Debenhams, Department for Work and Pensions, and National Trust. Find out more about Capita.
Today it was announced that Capita was selected as the prefered bidder by communications company Telefónica UK (O2) to form a 10 year strategic partnership for customer management services.
The deal, which builds on Capita’s existing long-term partnership with O2, will see Capita run and manage O2’s customer service centres and support O2 as it enhances and expands its digital service offering to customers. Final negotiations are now taking place, with the 10 year contract expected to be worth approximately £1.2 billion and due to commence on 1 July 2013.
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