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Friday, 15 March 2019 05:24

Tech Mahindra enters 5G race; will buy Japan’s K-Vision

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To explore massive business opportunities in 5G, Tech Mahindra has planned to buy Japan’s tech company K-Vision for $1.5 million. K-Vision is Japan’s mobile network solution firm.

Tech Mahindra commented: "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 i.e. Mahindra Engineering Services (Europe) Limited."

The Japanese firm offers network services for mobile communications to telecom operators in Japan. The company earned revenue of USD 4.8 million during 12-month period ended January 31, 2019.

Tech Mahindra added: "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 player.”

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