Tech Mahindra gains on pact with Comptel for CoE

The company forged a strategic alliance with Comptel to opened a centre of excellence to support CSPs

Image
SI Reporter Mumbai
Last Updated : Jun 27 2014 | 12:41 PM IST
Shares of Tech Mahindra were up nearly 3% at Rs 2,098 after the company forged a strategic alliance with Finland-based Comptel and opened a Centre of Excellence at Pune to support communications service providers with their compled OSS/BSS transformation projects.

The CoE is focussed on developing and enabling CSPs with fulfillment solutions that support their service innovation and delivery objectives, the company said in a release.

"The CoE is an ideal platform for showcasing how Comptel's robust suite of fulfillment solutions, combined with our delivery expertise, can accelerate CSPs' IT and business transformations. We are committed to building and maintaining this relationship for the long run." the release said quoting Murali Madhavan, OSS Head, Tech Mahindra.

The stock opended at Rs 2,050 and touched a high of Rs 2,102 so far. Over 700,000 shares were traded on both the stock exchanges so far.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 27 2014 | 12:37 PM IST

Next Story