Tech Mahindra rises on implementing next-gen digital platform for Swiss telecom operator
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Tech Mahindra is currently trading at Rs. 1312.40, up by 2.65 points or 0.20% from its previous closing of Rs. 1309.75 on the BSE.
The scrip opened at Rs. 1315.15 and has touched a high and low of Rs. 1321.95 and Rs. 1306.45 respectively. So far 51786 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1416.00 on 23-Jan-2024 and a 52 week low of Rs. 982.95 on 28-Apr-2023.
Last one week high and low of the scrip stood at Rs. 1361.95 and Rs. 1301.90 respectively. The current market cap of the company is Rs. 128123.48 crore.
The promoters holding in the company stood at 35.11%, while Institutions and Non-Institutions held 53.67% and 11.23% respectively.
Tech Mahindra has successfully implemented the greenfield digital MVNE (Mobile Virtual Network Enabler) platform for Sunrise. Headquartered in Zurich, Sunrise is the largest private (not state-owned) telecom operator in Switzerland that offers industry-leading mobile, internet, TV, and fixed network services to private and business customers.
The cloud-native MVNE platform will enable Sunrise to drive digital-first and simplified customer journeys for MVNOs (Mobile Virtual Network Operators). The implementation will assist MVNOs in accelerating market time, optimizing technology architecture, and reducing costs. It will empower Sunrise to achieve Zero-Touch and Zero-Trouble MVNE operations. Additionally, it provides robust data protection measures, ensuring data security and integrity, aligning with the requirements of General Data Protection Regulation (GDPR).
Tech Mahindra delivered the MVP (Minimum Viable Product) for this platform within a timeline of less than nine months. The platform was then commercially rolled out by Sunrise, subsequent to which they onboarded their first MVNO on this platform, a post-paid reseller.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
