Post acquisitions Wipro eyes IT operations of Nordic telecom business

03 July 2007

Mumbai: After the acquisition of three European IT firm, Wipro Ltd, India''s number three software services exporter, is eying a major share of business from Nordic telecom operators when they outsource IT operations, a senior Wipro executive said.

Wipro like many other Indian IT firms has started a big push into the Nordic region last year to win business from telecom gear makers Nokia and Ericsson, competing with local IT services vendors despite a stronger India currency.

The strengthening of the rupee is set to hurt Wipro''s profit margins, but the company is targeting a fast rise in sales, P R Chandrasekar, head of Wipro''s European and American business, was quoted as saying during an interview.

Nordic countries are among the target growth areas for Wipro in Europe and listed telecom operators, the manufacturing sector and financial services are its main focus in the region, Chandrasekar said.

"We are already there but we feel there is still room to grow. We are present on the engineering side, but there is more we can do on the telecom services provider side," Chandrasekar said on the sidelines of the European Business Leaders Convention.

Wipro''s plans to compete with TietoEnator, the market leader in IT outsourcing for Nordic telcom operators, some of which have outsourced a major share of their IT operations.