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#1
6th January 2007, 03:42 PM
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Tech Mahindra set to bag $400-m deal
TECH Mahindra, which made headlines with its $1-billion British Telecom (BT) deal, is close to bagging another mega contract. Although smaller than the BT deal, the size of the contract is estimated to be fairly large - in the region of $ 400 million. To put it in perspective, the contract is still larger than the company’s fiscal 2006 revenues of $ 280 million. It is also the third largest to come to any Indian company - the first being the BT deal and the second, the $850-million TCS-Pearl deal.
The contract is learnt to be from global telecom major AT&T. “Tech Mahindra has already got part of the work for $ 60 million a few months back. It is now likely to bag another $ 350 million,” a source said. The deal is also significant because unlike BT, AT&T has no equity interest in Tech Mahindra. Source : Indiatimes 
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#2
6th January 2007, 10:51 PM
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Re: Tech Mahindra set to bag $400-m deal
Yes true, this news appeared in Economics Times as well, following is the link to that website
http://economictimes.***************/...ow/1068081.cms Should this start a new uptrend in Tech Mah?
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#3
8th January 2007, 12:46 PM
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Re: Tech Mahindra set to bag $400-m deal
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