Telecom giant Bharti Airtel has informed that it has entered into a managed services deal with Gurgaon-based Comviva.

With the signing of this deal, Bharti Airtel becomes the first telecom services operator in the world to have a managed services agreement for its value added services portfolio.

As part of this three-year deal, Comviva, which formerly known as Bharti Telesoft would manage around over 2,000 of Airtel's VAS nodes across the country from various partners, to meet defined service level agreements.

Comviva is the leading provider of integrated VAS solution for mobile operators in emerging markets. The company has deployed solution for over 100 mobile operator customers in over 80 countries worldwide and its solution help power services to over 500 million mobile subscribers globally.

The scrip of company settled the day at Rs 835, up 3% compared to its previous close. The counter has made 52-week-high and low of Rs 990 and Rs 484 r