praveen
16-05-2008, 06:25 AM
Tech Mahindra, the sixth largest IT exporter, has bagged a $700-million contract from British Telecom (BT) for transforming and improving BT’s IT estate or infrastructure. This is one of the largest contracts that any IT company has won in recent months. It also gives boost to Indian IT at a time when the US subprime crisis and talks of slowdown had dogged IT services companies.
For Tech Mahindra, the $700 million contract is the third big engagement that the telecom services major has bagged from BT. Earlier, Tech Mahindra had won a $350-million contract and a $1 billion IT outsourcing deal from BT.
When contacted, Tech Mahindra president for international operations CP Gurnani said, “At any given time, we are chasing big deals and long-term contracts, but this is purely speculative.” The company is due to announce its annual results on May 19 and refused further comments on BT contract, citing silent period requirements.
Recently, Tech Mahindra also expanded its mobile virtual network operator (MVNO) client base by entering into IT partnership with FRiENDi mobile, the MVNO in the Middle East and North Africa. Tech Mahindra will implement FRiENDi’s mobile’s ERP, business process automation, reporting and web self care systems, as well as community-based applications and value-added services.
Tech Mahindra broadly caters to three kinds of customers—telecom service providers, independent software vendors and telecom equipment makers. The company is working with clients on Internet technologies to cover delivery platforms such as Wi-Fi and WiMax.
These three segments, along with associated IT and BPO services, cover the entire span of IT operations for telecom companies. This makes Tech Mahindra a fully-integrated player, providing it with a significant competitive advantage for IT related outsourcing business tasks in the telecom space.
For Tech Mahindra, the $700 million contract is the third big engagement that the telecom services major has bagged from BT. Earlier, Tech Mahindra had won a $350-million contract and a $1 billion IT outsourcing deal from BT.
When contacted, Tech Mahindra president for international operations CP Gurnani said, “At any given time, we are chasing big deals and long-term contracts, but this is purely speculative.” The company is due to announce its annual results on May 19 and refused further comments on BT contract, citing silent period requirements.
Recently, Tech Mahindra also expanded its mobile virtual network operator (MVNO) client base by entering into IT partnership with FRiENDi mobile, the MVNO in the Middle East and North Africa. Tech Mahindra will implement FRiENDi’s mobile’s ERP, business process automation, reporting and web self care systems, as well as community-based applications and value-added services.
Tech Mahindra broadly caters to three kinds of customers—telecom service providers, independent software vendors and telecom equipment makers. The company is working with clients on Internet technologies to cover delivery platforms such as Wi-Fi and WiMax.
These three segments, along with associated IT and BPO services, cover the entire span of IT operations for telecom companies. This makes Tech Mahindra a fully-integrated player, providing it with a significant competitive advantage for IT related outsourcing business tasks in the telecom space.