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Mahindra
BT sees jump in business as Rockwell ODC goes online
Our Bureau in
Pune
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IPO
is still the
favoured option
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| The
IPO route still remains the favoured route for Mahindra
British Telecom though there are no plans as of now to
go in for a private placement. Kiran Deshpande, CEO &
MD of MBT,said, “Nothing is being lost out and in fact
our ability to wait for the right market is indicative
of our strength,” he said. Shantanu Rudra, chief financial
officer of MBT said the company retained the option to
leverage the MBT brand thyrough an IPO. |
MAHINDRA
British Telecom Limited (MBT) took a major step towards its
goal of reducing dependence on British Telecom business with
the opening of the Rockwell Electronic Commerce offshore development
centre (ODC) at its facility in Pune. This ODC is part of
the five-year strategic alliance agreement signed with between
MBT and Rockwell. Rockwell Electronic Commerce is a leader
in the higher end technology for call centre management with
focus on large-size call centres. This is the first ODC for
Rockwell Electronic Commerce, which is a $150-million business
group of the $4.3-billion Rockwell Automation. Mark Power,
senior director, product and business technology, Rockwell,
said that for the last 18 months his company was outsourcing
from MBT. “We want to bring products to the market more rapidly
and also were looking for skill-sets that complimented ours,”
Power said.
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