Tech Mahindra and Royal KPN N.V. (KPN’) has entered into an international partnership in order to further improve KPN's efficiency and effectiveness in its IT environment and operational processes and to jointly address strategic growth areas. KPN expects to make savings of at least EUR 200 million over a 5-year period with the partnership. As part of its 'Strengthen, Simplify and Grow' strategy for the period 2011 - 2015 KPN has set out a clear ambition on cost leadership and acceleration of its FTE reduction program. This new partnership helps to realize both ambitions.
Through this partnership, KPN and Tech Mahindra aim to achieve strengthening of business models, simplifying and enhancing KPN's IT environment and operational processes, growing KPN's and Tech Mahindra's revenues by addressing strategic growth areas by means of combining capabilities and portfolios to create new joint offerings.
As a first step in this partnership, KPN and Tech Mahindra have signed a five-year contract for development and support of over 150 applications in the operational IT systems of KPN NetCo segment. As a second step, KPN and Tech Mahindra will thoroughly explore and determine future projects in the newly set up partnership.
Company Name | CMP |
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TCS | 4196.00 |
Infosys | 1932.50 |
HCL Tech. | 1926.60 |
Wipro | 307.80 |
Tech Mahindra | 1686.70 |
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