Tech giant IBM and IT major Tech Mahindra on Tuesday announced a partnership to deepen their almost two decades-long collaboration and build a billion dollar ecosystem for each other in the next three years.

Talking to reporters, IBM Chairman and CEO Arvind Krishna and Tech Mahindra Managing Director and CEO CP Gurnani said that 40 per cent of the revenue in the new ecosystem will be driven by telco and 5G, powered by hybrid cloud, while 60 per cent of the revenues will be driven by other industries.