India’s largest IT agency, Tata Consultancy Providers (TCS), has bagged a Rs 15,000-crore contract from BSNL to deploy 4G community for the state-run telco. In a press release, TCS stated it has acquired an “advance buy order” valued over Rs 15,000 crore from BSNL.
The announcement ends months of hypothesis across the deal, the place TCS-led consortium was tipped to be the entrance runner for the contract. The deal has been within the works for a lot of months.
TCS is the nation’s largest software program exporter and usually books over 5 per cent of its income domestically. Tejas Networks, a subsidiary of Tata Group, is part of the consortium and can provide and repair the radio entry community (RAN) gear.
Bharat Sanchar Nigam (BSNL) supplies mounted line and wi-fi telephony, and knowledge providers throughout the nation barring Mumbai and New Delhi. Personal rivals of BSNL already present 4G providers and have additionally launched 5G choices in choose pockets of the nation.
“Tejas Networks is part of the TCS-led consortium that efficiently bid for the BSNL pan-India 4G venture. BSNL has issued an advance buy order (APO) to TCS in addition to ITI for this venture. As part of the consortium, Tejas Networks will provide and repair the radio entry networks (RAN) gear,” the corporate stated in one other regulatory submitting.
TCS has additionally partnered with the Centre for Growth of Telematics (C-DOT) for the deal. BSNL will use a 4G core, developed indigenously for the primary time by C-DOT.
Based on information stories, this TCS-ITI deal is prone to be part of the identical bundle. BSNL’s 4G providers are anticipated to be rolled out throughout 100,000 towers or websites.
This would be the IT providers behemoth’s third main deal in 2023, following a $723-million deal from UK-based Phoenix Group and one other one with British retailer Marks and Spencer (M&S). Although the precise deal dimension was not disclosed, based on stories, the M&S deal was value $1 billion.
At 1.15 pm, shares of TCS had been buying and selling at Rs 3,262.90 apiece, up 1.28 per cent on the BSE on Monday.
