TCS seals Rs 574-cr BSNL deal

Written by Corporate Bureau | Mumbai, Aug 30 | Updated: Aug 31 2007, 05:14am hrs
Tata Consultancy Services (TCS), Indian market leader in IT services, business solutions and outsourcing, on Thursday announced that the company has won a deal worth Rs 574 crore ($140 million) spread across a period of 9 years from telecom operator BSNL.

Says N Chandrasekaran, head, global sales and operations, TCS, TCS will leverage its assets, frameworks, development processes, best practices and prior experience of similar such engagements in order to deliver services and help BSNL deliver certainty to its end users.

TCS will lead manage the overall engagement along with a large team of hardware, software and application partners, the company said.

The revenue flow from this deal will be larger in the first two years, when TCS will be doing major system integration work for BSNL and will be providing support in the remaining seven years.

TCS is also bidding for other projects in the telecom sector in systems integration, converging billing, managed services among others, adds Chandrasekaran.

India contributes to about 9% to TCS revenue. This deal will contribute to TCS' geographical and revenue growth within India, said Chandrasekaran.

The multi-year engagement involves setting up of complex data networks across the vast BSNL footprint in north and west of India and includes deployment of operational support systems (OSS) and business support systems (BSS) components such as customer relationship management, billing, mediation, directory enquiry among others.

TCS shares on the Bombay Stock Exchange rose 0.92% or Rs 9.50 on Thursday to close at Rs 1,041.25.