Source: LiveMint.com, Nov 01, 2018
New Delhi: The planned rollout of 5G or fifth-generation wireless technology by telecom companies globally offers at least $10 billion business over the next six years for India’s information technology (IT) services companies, according to a Mumbai-based brokerage firm.
This new technology spend by telecom firms on software and services could bring over $1.1 billion in incremental revenue over the next three years for country’s five largest companies, including Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd and Tech Mahindra Ltd.
This development is significant as telecom firms over the last two years had held back their spend on technology, leading to tepid growth at telecom verticals for all IT firms. A new gusher of money should further boost growth for the five largest IT firms, which share among themselves about 30% of homegrown IT companies’ business from telecom companies. Read the rest of this entry »