A consortium led by Tata Consultancy Services (TCS) on May 22 announced that it received an Advance Purchase Order (APO) valued at over Rs 15,000 crore (around $1.8 billion) from government-owned telco Bharat Sanchar Nigam Limited (BSNL). This deal will be a shot in the arm for India's largest software exporter coming at a time when its major markets such as US and Europe are slowing down.
With this, TCS will be undertaking deployment of 4G network across India for BSNL, the company confirmed in regulatory filings on BSE.
The consortium includes Tata Group's telecom gear making company Tejas Networks, which will be responsible for supplying and servicing the Radio Access Networks (RAN) equipment.
Along with TCS, the APO was also issued to state-run ITI Ltd for this project. According to analysts, about 20 percent of the deal value will go to ITI.
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