Tech Mahindra To Acquire K-Vision To Expand 5G Business

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The deal between Tech Mahindra and K-Vision was signed on Thursday and is expected to close by end of this month. 

Image courtesy: The Daily Beast

IT company Tech Mahindra will acquire Japan-based mobile network solution firm K-Vision for USD 1.5 million in an all-cash deal to support 4G and 5G telecom network roll-out in Japan. 

“The investment committee of the board of directors of the company has approved the proposal to acquire 100 per cent shareholding in M/s K-Vision Co., Ltd through its wholly owned subsidiary ie Mahindra Engineering Services (Europe) Limited,” Tech Mahindra said in a note. 

Roadmap ahead
K-Vision provides network services for mobile communications to telecom operators in Japan. The company earned revenue of USD 4.8 million during the 12-month period ended January 31, 2019. 

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“Tech Mahindra through its wholly-owned subsidiary intends to leverage the local presence and expertise of K-Vision to build its network services business in Japan. In the near term, Tech Mahindra will support 4G and 5G network build and roll-out in Japan for large telecom players,” the note said. 

The deal between Tech Mahindra and K-Vision was signed on Thursday and is expected to close by end of this month. 

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