Saudi Telecom inks $50m IT deal with TechM
New Delhi, October 6, 2009
Close on the heels of winning an IT outsourcing deal with Etisalat DB, the Indian arm of Emirates Telecom, Tech Mahindra has secured a deal worth $50 million with Saudi Telecom, which is rolling out GSM services in Bahrain, according to a report.
Saudi Telecom competes with Etisalat and the Zain consortium in its home market. The largest telecom operator in West Asia, Saudi Telecom also has a presence in Indonesia, Malaysia, Turkey, South Africa, Lebanon, Jordan, and Kuwait.
In India, it has a presence through a 25 per cent stake in Maxis Telecom, the Malaysian operator that is the majority stakeholder in Aircel. Earlier this year, it bagged the licence for the third-mobile operator in Bahrain.
“The deal with Tech Mahindra includes IT implementation and managed services. It is one of the largest deals for Tech Mahindra in the region,” a person was quoted as saying in a report in The Economic Times.
He said the deal size could be between $40-$50 million. Multinational firms Hewlett Packard and Cisco, which provide server and networking hardware, have also won different parts of the deal.
Saudi Telecom has announced investments of around $3 billion in the telecom markets of India, Malaysia and Indonesia.