Patni closes in on $50m telecom deal

Patni Computer, the Mumbai-based IT services provider, is about to close an over $50 million deal with a top telecom carrier in India to provide a proprietary service delivery framework. It is learnt that Patni will provide Telecom-in-a-box (TIAB), a service framework that will ease the process of delivery of various services such as multimedia content, IPTV by telecom carriers to their customers.

Meanwhile, Patni is also in talks with some IT service providers and telecom carriers to provide niche technology driven telecom services. For Patni the focus on India is part of its effort to bolster its Asia-Pacific revenue from 5% of its total revenues to 9% in the next financial year. Moreover, it is also looking at the second largest market for IT services i.e Japan. Business from Europe contributes about 13% of Patni’s revenue while the rest comes from the US.