Bangalore, India - December 7, 2010:
Vodafone Essar, one of India’s leading cellular service providers, today announced that it has signed a contract with Wipro, a Global IT services company and leading business transformational player. As a part of this strategic engagement, Wipro will support Vodafone Essar with its fixed line telecom services for enterprise business customers.
Wipro will provide a wide range of services including network design & build, integration with existing IT OSS/ BSS applications and managed services of the setup over three years. In addition, Wipro will also build an Enterprise Network Operation Center (NOC) to manage the operations of Vodafone Essar’s enterprise customers
“We expect our partnership with Wipro to provide more value to our enterprise customers through increased operational efficiency and cost optimization. Through this partnership, we hope to bring an innovative approach to servicing the enterprise telecom market and also enhance our business revenues,” said Naveen Chopra, Director – Enterprise and Carrier Business, Vodafone Essar.
“We will implement Wipro’s best practices in the managed services space to help Vodafone Essar deliver better service to enterprise customers in a fast growing market. Wipro’s telecom expertise and proven global delivery model will help give Vodafone Essar’s customers a better quality of service as well as support Vodafone Essar’s growth plans,” said Anil Jain, Senior VP & Global Head, Global Communication Service provider Vertical, Wipro.
About Vodafone Essar
Vodafone Essar is the Indian subsidiary of Vodafone Group and commenced operations in 1994 when its predecessor Hutchison Telecom acquired the cellular license for Mumbai. The company now has operations across the country with over 118.04 million customers**.
Vodafone is the world's leading international mobile communications group with approximately 347 million proportionate customers as on 30 June 2010. Vodafone currently has equity interests in 31 countries across five continents and around 40 partner networks worldwide. For more information, please visit http://www.vodafone.com/.
The Essar Group is a diversified business corporation with a balanced portfolio of assets in the manufacturing and services sectors of Steel, Energy, Power, Communications, Shipping Ports & Logistics, and Projects. Essar employs more than 50,000 people across offices in Asia, Africa, Europe and the Americas.
**Figures from Cellular Operators Association of India, 31st October 2010.
About Wipro Ltd
Wipro Limited (NYSE:WIT) provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro also has profitable presence in niche market segments of consumer products and lighting. Wipro's ADSs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange. For more information, please visit our websites at www.wipro.com and www.wiprocorporate.com.
Wipro's forward looking and cautionary statements
Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions 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 our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect 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, liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our 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 http://www.sec.gov/. Wipro 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. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.
For more information, contact:
Vodafone Essar Ltd.
Mobile: + 91 98200 56817
Sandhya Shama Rao