Skip to main content

Tech Mahindra sees bigger business from Vodafone-Idea merger


Indian software major Tech Mahindra views the proposed merger of telecom giant Vodafone and Idea as a "seismic" event that will impact the IT sector.
Tech Mahindra sees the proposed merger of Vodafone and Idea as a "seismic" event that will impact the IT sector, but asserted that it will benefit from such a deal. 
The software firm derives over half of its revenue from servicing communication companies.
"It is a big market where these people are merging together. In my world, it is a seismic change. It is not an ordinary change. Clearly, it means that certain part of the IT spend will either come down or get re-directed," Tech Mahindra MD and CEO CP Gurnani told PTI here over the weekend. 

However, he said that rather than being affected, Tech Mahindra may benefit from such a merger. "The reason it may not have any impact on us, as a matter of fact it will get better for us, because for both the companies our primary focus is on customer service management."
He said the vendor servicing of both the company's traditional information technology needs will be impacted because of the merger, but sought to distinguish Tech Mahindra from it because of nature of the job it does.
"I do project work for both the companies, and I don't do the main or traditional IT work. Since I am working more on change and customer experience management, my pie should grow," Gurnani said.


He also said that over 50 per cent of his revenue of his company, which was formerly Mahindra British Telecom, come from the communication segment, and the company is trying to balance it out by growing faster in other segments.
Vodafone and Idea Cellular, the second and third biggest telcos in the country, have confirmed last month that they are in talks to create a telecom giant which will take on Reliance Jio, the aggressive new entrant flush with cash, and the entrenched leader Bharati Airtel.
An all stock merger is in the works to create an entity which will command 40 per cent of the revenue market share and boast of over 380 million subscribers, according to India Ratings.

Read On :  WordPress / UCNews
Labels:

Comments

Post a Comment

Popular posts from this blog

Microsoft confirms two major updates planned for Windows 10

Microsoft this month reaffirmed that it will issue two Windows 10 upgrades this year, twice the number of 2016 but still shy of the firm's original target. In a presentation 11 days ago at a Microsoft technical conference held in Australia , Bill Karagounis, a director of program management, pointed to a follow-on upgrade that will appear sometime after the Creators Update , which is expected to finalize and ship next month . A slide Karagounis showed during the session -- which was webcast from Microsoft's Channel 9 website included another upgrade this year after Creators as you can see it in below image. It lacked a release date and a more descriptive name other than "Second Update in 2017" . The timeline doesn’t include dates, but it does show that work on the second update should already be well under way, and public testing should start shortly after the release of Windows 10 Creators Update . From the Microsoft blog post : ...
Post a Comment
Read more

Moto G5 and Moto G5 Plus officially announced at MWC 2017

MWC 2017  has even officially kicked off yet, and we’ve already seen some killer new devices launch at the trade show. Lenovo  has just taken the wraps off two new budget-friendly smartphones, the Moto G5 and Moto G5 Plus . The Moto G5 and G5 Plus  look basically the same, save for the Moto G5's slightly smaller chassis. While they may not look as high end as the Moto Z lineup, both devices feature a premium aesthetic that rival other devices in this price range. Both devices have metal finishes , which is a nice step up from their plasticky-feeling predecessors. You’ll also notice the large circular camera sensors on the back, which resemble the ones on the Moto Z. While the design of the two devices may be quite similar, here’s where things start to differ quite a bit. The Moto G5 sports a 5.0-inch LCD display with a resolution of 1920 x 1080 . Under the hood, it features a 1.4GHz Snapdragon 430 chipset , either 2 or 3GB of RAM (depending on the...
Post a Comment
Read more

Jio will continue to offer free voice calls and national roaming post April 1

Jio will start charging customers from April 1 , but will offer sharply discounted prices for a year to those who sign up by the end of March under its Prime offer, Reliance Industries chairman and managing director Mukesh Ambani said today. The Prime offer will open for enrolment on March 1 and close on March 31 , Mr Ambani said. Under Jio's Happy New Year offer, customers currently enjoy free data and voice services till March 31, 2017. To enrol for the Prime offer, under which customers will continue to get unlimited benefits, existing and new subscribers of Jio (till March 31, 2017) will have to pay a one-time fee of Rs. 99 . " Mr Ambani described Prime offer benefits as "unlimited mazaa continue hoyinga" , quoting from a popular Mumbai phrase. Jio Prime offer will come at an introductory price of Rs. 303 per month , effectively just Rs. 10 per day , and Prime members will also get media services free till March next year. " Reliance Ji o...
Post a Comment
Read more