  New entrant Etisalat has reportedly awarded an Rs 1500 crore IT outsourcing contract to Tech Mahindra. Other vendors in the race included names such as Wipro and IBM, reports Business Standard.
The paper reports that a Letter of Intent has already been issued to Tech Mahindra. The contract is for customer billing services and forms 50%-60 % of the total IT outsourcing contract.
The win for Tech Mahindra should come as a relief and the company may shift its focus in the domestic market. Tech Mahindra is already a formidable force in the global OSS/BSS space. But with the global market reeling under recession, focus on domestic market appears an obvious strategy.
The development is yet to be officially confirmed by the players involved. |