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Mumbai - Tech Mahindra, India's leading IT services and solutions provider to the global telecom industry, said it has won a $250 million multi-year contract from a North American telecom services firm for system consolidation.
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According to Rajesh Chandiramani, marketing head, Tech Mahindra, 700 people would be engaged in the project.
"As an organization we are committed to signing large deals. The strategy is to engage in contracts of longer periods," Chandiramani said, noting the current volatility in global financial markets.
"One of the major telecom players is consolidating its vendors and its systems and Tech Mahindra is taking over the responsibility of consolidating some of the processes and handling it over the years," said C.P. Gurnani, president (international operations), Tech Mahindra.
"Through this order which spans for five years, Tech Mahindra will provide all the managed services as well as the systems consolidation job for the US telecom company," he said.
Though Tech Mahindra has refused to name its client, a source close to the deal said it is the company's existing client, AT&T.
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