Wipro wins Unitech outsourcing deal, eyes more pacts from Telenor
Posted May 7, 2009on:
Wipro won a nine-year outsourcing contract from Unitech Wireless to set up and manage the new telco’s IT hardware and software. Though deal value was not disclosed, analysts estimate this to be of the range of US$500-700 million. Early this year Wipro had clinched a similar deal from Aircel (74 percent owned by Maxis). Looks like Wipro is surging ahead of competitors (likes of IBM, Infosys, Tech Mahindra etc.) in the telecom space, especially in India, this year. Will it be able to gain similar ground elsewhere?
On 20 March 2009, Telenor, the Norwegian telecom giant, acquired a 33.5% ownership stake in Unitech Wireless, through a capital injection of NOK 1.7 billion. During 2009 Telenor is scheduled to inject an additional NOK 6.4 billion, which will result in a total shareholding of 67.25%.
Wipro also provides similar services to few others telcos such as TeliaSonera that operates in the Nordic and Baltic countries. However, this contract is seen by the Wipro group as a large entry point in to the Telenor world, the seventh-largest mobile services company in the world, with about 150 million users in Scandinavia, Europe and Asia.