The European arm of the Hertz car rental agency has signed a five-year IT and networking services contract with British Telecommunications PLC (BT) and Hewlett-Packard Co. (HP), a Hertz Europe Ltd. executive confirmed Thursday. The move will allow the agency to drastically cut the number of its European hardware and communications suppliers.

David Trimm, vice president, business systems at Hertz Europe, wouldn’t comment on the financial amount of the deal. However, he described as “speculation” a report that the contract was worth around