Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.
Tech Mahindra announced the acquisition of 100 percent stake in Hutchison Global Services for US $ 87.1M with payable upfront
September 4, 2012
MUMBAI, India -- Tech Mahindra Limited, a leading provider of solutions and services to the telecommunications industry, today announced the acquisition of 100% stake in Hutchison Global Services Private Limited for US $ 87.1 m, payable upfront.
Hutchison Global Services (HGS) provides customer lifecycle operations to clients in UK, Ireland and Australia and has an associate base of over 11,500 employees. HGS operates out of Mumbai and Pune and is among the largest captives in the Telecom Domain.
This acquisition builds on the significant relationship between Tech Mahindra and the Hutchison group across multiple countries. The acquisition will provide significant enhancement of Tech Mahindra’s expertise in the customer management space and will thus be a key component of its strategic plans going forward. In addition, the acquisition will enable Tech Mahindra to leverage the acquired capabilities and scale for expanding the scope of their existing services to other parts of the Hutchison group, and also to other customers and verticals.
Tech Mahindra Ltd.
You May Also Like
Rethinking AIOPs — It's All About the DataMar 12, 2024
SCTE® LiveLearning for Professionals Webinar™ Series: Fiddling with Fixed WirelessMar 21, 2024
SCTE® LiveLearning for Professionals Webinar™ Series: Cable and 5G: The Odd Couple?Apr 18, 2024
SCTE® LiveLearning for Professionals Webinar™ Series: Delivering the DAA DifferenceMay 16, 2024