Tech Mahindra says it will benefit from Vodafone-Idea merger
IT firm Tech Mahindra has said it sees the proposed merger of telcos Vodafone and Idea as a "seismic" event that will impact the IT sector, but asserted that it will benefit from such a deal. "It is a big market where these people are merging together...It is not an ordinary change," Tech Mahindra CEO CP Gurnani stated.
Mumbai, Feb 19 (PTI) Tech Mahindra sees the proposed merger of Vodafone and Idea as a "seismic" event that will impact the IT sector, but asserted that it will benefit from such a deal. The software firm derives over half of its revenue from servicing communication companies. "It is a big market where these people are merging together. In my world, it is a seismic change. It is not an ordinary change. Clearly, it means that certain part of the IT spend will either come down or get re-directed," Tech Mahindra MD and CEO CP Gurnani told PTI here over the weekend. However, he said that rather than being affected, Tech Mahindra may benefit from such a merger. "The reason it may not have any impact on us, as a matter of fact it will get better for us, because for both the companies our primary focus is on customer service management." He said the vendor servicing of both the companys traditional information technology needs will be impacted because of the merger, but sought to distinguish Tech Mahindra from it because of nature of the job it does. "I do project work for both the companies, and I dont do the main or traditional IT work. Since I am working more on change and customer experience management, my pie should grow," Gurnani said. 