Mumbai, December 20th 2006: Tech Mahindra today announced the signing of a five year deal to provide BT with strategic sourcing services. This contract is expected to create new revenue for Tech Mahindra in excess of US$1 Billion over this period.
Tech Mahindra will support BT's planned growth of managed services to business customers around the globe and continue to provide ongoing services related to BT's internal systems, processes and re-usable platforms.
Tech Mahindra and BT Group have worked together for 20 years on a range of projects which have proved very successful for both parties. This deal builds upon and strengthens the productive working relationships developed during that time.
Both companies will work together on creating and operating a global delivery organisation, by leveraging and augmenting Tech Mahindra's existing delivery centres, to achieve greater flexibility and efficiencies in addressing client requirements.
Hanif Lalani, BT's Group Finance Director, said: "This is another example of BT sourcing the best skills around the world to deliver outstanding service and value for our customers whilst contributing further to continued operational efficiencies."
Vineet Nayyar, Vice Chairman and MD, Tech Mahindra, said: "We are proud to be BT's preferred partner for its internal IT requirements and this new opportunity will enable us to assist BT serve their external customers even more effectively. We feel privileged that BT has selected us for this opportunity and takes our long standing relationship to a new level.
About BT
BT is one of the world's leading providers of communications solutions and services operating in 170 countries. Its principal activities include networked IT services, local, national and international telecommunications services, and higher-value broadband and internet products and services. BT consists principally of four lines of business: BT Group, Openreach, BT Retail and BT Wholesale.
In the year ended 31 March 2006, BT Group plc's revenue was £19,514 million with profit before taxation of £2,040 million.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York. For more information, visit www.bt.com/aboutbt
About Tech Mahindra
Founded in 1986, Tech Mahindra is a leading provider of solutions and services to the telecommunications industry, majority stake owned by Mahindra & Mahindra, in partnership with BT Plc. With total revenues of Rs 12,427 million in the year ended March 31, 2006, Tech Mahindra is India's 8th largest software exporter, and serves telecom service providers, equipment manufacturers, software vendors and systems integrators.
Tech Mahindra solutions enable clients to maximize returns on IT investment by achieving fast time to market reduced total cost of ownership and high customer satisfaction. Tech Mahindra achieves this through its domain and process expertise, distinctive IT skills, research and development, proven innovative delivery models and approach to off shoring.
Assessed at SEI-CMMi Level 5 and PCMM Level 5, Tech Mahindra's track record for value-delivery is supported by over 15,000 professionals who provide a unique blend of culture, domain expertise and in-depth technology skill-sets. Its development centres are ISO 9001:2000 & BS7799 certified. Tech Mahindra has principal offices in the UK, United States, Germany, UAE, Egypt, Singapore, India, Thailand, Taiwan & Australia - including major development facilities in India and the UK. For more information, please visit - www.techmahindra.com
For further information on BT
Inquiries about this news release can also be made to the BT Group Newsroom on its 24-hour number: 020 7356 5369. From outside the UK, dial +44 20 7356 5369.
All BT Group news releases can be accessed at our web site: www.bt.com/newscentre.
For further information on Tech Mahindra
Inquiries about this news release can also be made to Rajesh Chandiramani on Tel:+ 91 99202 39988 or email: crajesh@techmahindra.com.
All Tech Mahindra news releases can be accessed at our web site: www.techmahindra.com.
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