BT Group is to spend more
than £1bn over the next five years with
Tech Mahindra,
the specialist Indian telecommunications outsourcing company in
which BT plc has a minority interest.
The latest deal, for £350m over five years, is for a system and
processes transformation programme.
This is the third multi-million pound deal in 18 months that
Tech Mahindra has won from BT Group and brings its total BT-related
business to more than £1bn.
In December 2006 it won a £500m contract from
BT Global Services.
Earlier this year, it won a £175m deal from BT for application
support.
BT Global Services is
expected to announce in August details of a further contract,
this time for the £5bn worth of IT contracts it manages on behalf
of network clients.
C P Gurnani, president of international operations at Tech
Mahindra, said despite the large wins from BT, its revenue from the
company during the quarter dropped to 62% from 64% of its total.
This was because its non-BT revenues grew 14%, he said.
Tech Mahindra, India's sixth-largest software exporter, reported
total revenues of £468m for the year ended March 31, 2008. For the
first quarter this year it reported net profit after tax of £32m on
sales of £136m. Telecom Fiji and Telecom New Zealand are among
recent signings.