Tech Mahindra eyes $1bn biz from BT

Tech Mahindra today announced the signing of a five-year deal to provide BT with strategic sourcing services.

According to a release issued by Tech Mahindra to the BSE today, the contract is expected to create new revenue for the company in excess of $1 billion over the contract period.

"The company will support BT’s planned growth of managed services to business customers around the globe, and continue to provide on-going services related to BT’s internal systems, processes and re-usable platforms," the release added.

Vineet Nayyar, vice chairman and managing director of Tech Mahindra, said: "We are proud to be BT’s preferred partner for its internal IT requirements, and this new opportunity will enable us to assist BT serve their external customers more effectively. We feel privileged that BT has selected us for this opportunity and takes our long standing relationship to a new level."