IT solutions provider Tech Mahindra is understood to have bagged a majority portion of the Rs.1,500 crore telecom IT outsourcing deal from new operator Etisalat DB Telecom India, pipping seven other IT vendors, including Wipro Technologies and IBM. The deal is expected to be announced soon.

The UAE based telecom company Etisalat holds a 45 percent stake in Etisalat DB Telecom India (formerly Swan Telecom). A letter of Intent (LoI) regarding the contract has already been sent to Tech Mahindra, but the company is yet to respond on this. A Senior Executive at Tech Mahindra said, ""We do not comment on market speculation.""
According to analysts, Tech Mahindra, winning the contract might not come as a surprise as Etisalat had earlier awarded an outsourcing contract to the solutions provider. Tech Mahindra, jointly with Sony Ericsson, had won Etisalat's Egypt outsourcing contract in February last year.
(Source:siliconindia.com):