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.
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