Tech Mahindra Set To Launch Pilot Projects On 5G Services

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Tech Mahindra is planning to launch five pilot projects on 5G services by next month. Company also expecting revenue of $100 million from blockchain technology during this fiscal. 

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Tech Mahindra is aiming to launch about five pilot projects on 5G services by next month and manage big projects on 5G from next financial year, said an IT official to First Post. 

“My personal belief is that by September we would launch. Tech Mahindra will be launching its complete service offerings along with its partners. We expect within this financial year to do about five 5G trials and hopefully in the financial year, starting April 1 2019, we will be executing some big projects,” he told PTI during his recent visit to the city.

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Company is also expected to garner a revenue of over $100 million from blockchain technology during the current fiscal said the managing director and CEO of Tech Mahindra, CP Gurnani. 

A senior official of the company earlier told that they had set up an innovation lab powered by Intel architecture to bring 5G in India. 

Cellular Operators Association of India (COAI) had earlier said that the auction of spectrum for 5G should only happen in the second half of 2019 as it would offer better visibility into market dynamics and potential revenue streams of the next-generation mobile services to telcos. 
Gurnani said that the company has a Research and Development team of about 150 engineers in Hyderabad and Bangalore and it would invest CAD 100 million over the next five years on a Centre of Excellence based out of Toronto, which would work on major technologies such as Artificial Intelligence and Blockchain.
Tech Mahindra has also signed an MoU with the government of Telangana to set up India’s first blockchain district in the State. 

 

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