Tech Mahindra is likely to receive more business from a planned merger of US telecom giants Sprint and T-Mobile, analysts said, citing the Indian IT services provider’s expertise in the communications vertical, both in legacy as well as emerging 5G technology.
“Sprint + T-Mobile merger is a growth opportunity. Sprint mobile core systems will move to T-Mobile, which is managed by TechM,” Amit Chandra and Apoorva Purohit of HDFC Securities said in a note following a meeting with the Tech Mahindra management recently.
Sandip Agarwal of Edelweiss Securities wrote in a note: “Management highlighted that while legacy spends in the enterprise business are waning, enterprises are pinning hopes on digital as the growth driver, thereby increasing their overall allocation to technology.”
