Comments
Tata Consultancy Services it has bagged a multi-year, outsourcing deal from two major European companies.
The country’s largest software exporter has been selected by Telenor Norway to modernise the telephony company’s fixed line operations. The two companies had signed a memorandum of understanding in March this year for the work that would continue till 2018, the Norwegian company said in a statement.
TCS has been one of two main suppliers of IT services (applications management and systems development) to Telenor Norway since 2010, the statement added.
The Tata group company has also been selected to modernise Dutch insurance firm REAAL N.V’s ‘life insurance’ portfolio for a five-year period. TCS would also develop the insurer’s mainframe applications, according to a statement from the Mumbai-headquartered company.
No financial details were disclosed for both the contracts.
Shares of TCS ended 0.24 per cent higher to close at Rs 2,309.9 on the Bombay Stock Exchange today.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.