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5G rollout to ring in $10 bn business for India

Nov 1, 2018 by The Passage Team
5G rollout to ring in $10 bn business for India

The planned rollout of 5G or fifth-generation wireless technology by telecom companies globally offers at least USD 10 billion business over the next six years for India’s information technology (IT) services companies, according to a Mumbai-based brokerage firm.

This new technology spend by telecom firms on software and services could bring over USD 1.1 billion in incremental revenue over the next three years for country’s five largest companies, including Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd and Tech Mahindra Ltd.

This development is significant as telecom firms over the last two years had held back their spend on technology, leading to tepid growth at telecom verticals for all IT firms.

Source: The Live Mint

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