The Management Network Group Inc. (TMNG), provider of management consulting services to the global communications industry, has signed a managed services agreement with Indiana Fiber Works LLC (IFW), a wholly-owned subsidiary of GE Capital Corp. TMNG has been contracted to manage strategic and ongoing operations of IFW, an Indianapolis-based fiber network and services provider. Specific financial terms of the agreement were not disclosed, but the agreement includes fee-based and success-based components.

As the fully outsourced management group for IFW, TMNG is charged with developing and executing strategic plans and managing business operations, including sales, marketing, and expansion of IFW's fiber network. TMNG's Corporate Investment Practice was developed to address the professional investment community's demand for strategic pre-investment, M&A, and post-investment support services. The engagement represents an expansion of the practice into fully outsourced managed services. The practice counts such financial institutions as Deutsche Bank Capital Partners, Morgan Stanley, and Madison Dearborn among its customers.