Mumbai: IT services provider Tech Mahindra's plan to boost revenue from the telecom sector seems to have hit a roadblock given the slowdown in the $1 billion AT&T project, and as clients put on hold discretionary spends, delaying 5G rollout.
Telecommunication comprises about 40% of Tech Mahindra’s revenue and the company had been betting on telecom operators going ahead with their 5G implementation plans this year.
But the covid-19 pandemic put a hold on their plans. Client discussions, however, haven’t stopped yet, the management told Mint. “Currently, governments are busy tackling the pandemic.
For 5G implementations there is a lead time required to licence the technology, procure network resources. Most of the key investments have