Wipro, Tech Mahindra compete for $1 Billion deal

Wednesday, 28 April 2010, 02:18 Hrs
Printer Print Email Email
Bangalore: India's outsourcing vendors Wipro and Tech Mahindra are currently in discussions with New Zealand's biggest phone firm, Telecom Corp, for a contract worth up to $1 billion. Telecom Corp had signed a $1.5-billion IT infrastructure management contract in 1999 with EDS, now owned by HP, which is due to expire this year.

"This is among some of the top outsourcing renewals being chased by almost everybody. Incumbents are under pressure to compete with new bidders ready to do more with less," said a person familiar with the discussions to Pankaj Mishra of Economic Times.

The telco plans to cut costs and improve profits by outsourcing non-core IT work, people familiar with the company's decision making.

SPOTLIGHT
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..