Tech Mahindra to acquire K-Vision for $1.5 million to expand 5G business in Japan
March 15, 2019
Tech Mahindra is going to acquire K-Vision for $1.5 million in an all cash deal to support the roll out of its 4G and 5G network in Japan. The deal between the two companies is expected to close by the end of this month.
K-Vision provides network services for mobile communications to telecom operators in Japan. As on January 31, 2019, the company earned revenue of USD 4.8 million.
With the help of its wholly owned subsidiary, Tech Mahindra intends to leverage the local presence and expertise of K-Vision to build its network services business in Japan.
Tech Mahindra will also be supporting the 4G and 5G network roll out for large telecom players in Japan very soon.
Share:
- Most Viewed
- Most Rated
- Most Shared
- Related Articles
- Rush for Funds - 3G and BWA auctions spur the demand for finance
- MTNL posts its results for the first quarter of financial year 2012-2013
- Margins Under Pressure - Bharti and Idea announce fourth quarter results
- Financial briefs of March 2011
- Sterlite Technologies announces results for fiscal year 2010-11
- Sify Technologies Limited reports third quarter results for 2010-11
- RCOM posts consolidated net profit of Rs 1.02 billion for the quarter ended September 2012
- Spice Mobility Limited plans to transfer 47 million shares to two independent non-promoter trusts
- GTL Limited reports 26 per cent fall in profit for the quarter ended December 2010
- Spice Group plans to raise $ 1 billion through overseas listing of Spice Global
No Most Rated articles exists!!
