East Brunswick, New Jersey, USA and Bangalore, India - August 16, 2017:
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company today announced that it has won a five-year IT infrastructure and applications managed services engagement with Grameenphone (GP), a leading telecom operator in Bangladesh.
Grameenphone Ltd. is the largest mobile telecommunications operator in Bangladesh, majority owned by Telenor Group, one of the world’s major mobile operators.
Wipro will be managing the complete IT landscape for GP, leveraging Wipro HOLMES. As part of the contract Wipro will own end-to-end application development and management, infrastructure support and maintenance and back office processes for GP.
This partnership closely aligns with Wipro’s vision to localize, expand its presence and explore new businesses opportunities in the country. Wipro will be setting up a new delivery centre in Bangladesh.
“We selected Wipro as the partner to offer Managed services for Grameenphone based on a thorough evaluation process, and we are very proud of being able to attract a world class organization like Wipro to Bangladesh. We have full trust in this partnership to deliver the business results as per plan,” said Michael Foley, Chief Executive Officer, Grameenphone Limited.
“We are delighted to have been chosen by Grameenphone as the strategic partner for this engagement, which will leverage both our domain expertise and industry leading AI platform- Wipro HOLMES. Telenor is a strategic client for us and this engagement further strengthens our relationship with Telenor,” said Anil K Jain, Senior Vice President & Global Head - Communications Business Unit, Wipro Limited.
Grameenphone Ltd., part of Telenor Group, is the largest mobile telecommunications operator in Bangladesh in terms of revenue, coverage and subscriber base. The company was incorporated on 10 October 1996 as a private limited company. The company operates a digital mobile telecommunications network based on the GSM standard in the 900 MHz, 1800 MHz and 2100 Mhz frequency bands, under license granted by the Bangladesh Telecommunication Regulatory Commission (BTRC).
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.