Wipro and Telefónica Germany / O2 Sign Radical IT Transformation Partnership Agreement
February 15 2021 - 08:01AM
Business Wire
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading
global information technology, consulting, and business process
services company, today announced a five-year strategic partnership
with Telefónica Germany / O2, a leading provider of mobile
telecommunications, broadband and landline in Germany.
As a part of this contract, Wipro will work with Telefónica
Germany / O2 and its wider ecosystem to transform its Business
Support Systems and associated Quality Assurance to enable superior
customer experience and growth in the B2B market segment. This
Radical IT Transformation (RAITT) program brings Wipro and
Telefónica Germany / O2 together to allow for risk-mitigated
self-funded transformation that will benefit both companies.
The RAITT program will ensure that Telefónica Germany / O2 is
well positioned to modernise and launch a range of new offerings
including 5G products and services. As 5G networks and new IoT
connectivity solutions start to roll out, this refresh provides not
only an essential foundation for the new services but also enables
new ways of work at a significantly lower cost of ownership to
Telefónica Germany / O2. Wipro will also invest in developing a
state-of-the-art digital Business Support platform that will fuel
Telefónica Germany’s growth and provide the company with an
outcome-based, committed plan.
Thierry Delaporte, Chief Executive Officer and Managing
Director, Wipro Limited said, “This partnership builds on the
bedrock of a 15-year relationship. It directly aligns us with
Telefónica Germany’s growth, and is a great example of how we are
building for long-term success in Europe by embracing a
collaborative approach with local industry leaders. I am also proud
of the work ethic of both teams who made it possible to finalize
this partnership during a global pandemic.”
“We are pleased to partner with Wipro and benefit from its
global experience. Our IT transformation project is a key milestone
which will enable us to increase the reliability of our systems,
improve customer satisfaction and accelerate innovation as we move
towards achieving our goals for B2B customers and common services,”
said Mallik Rao, Chief Technology & Information Officer
(CTIO), Telefónica Germany / O2.
This is a high value and first-of-its-kind engagement for Wipro
in the telecommunications space.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading
global information technology, consulting and business process
services company. We harness the power of cognitive computing,
hyper-automation, robotics, cloud, analytics and emerging
technologies to help our clients adapt to the digital world and
make them successful. A company recognized globally for its
comprehensive portfolio of services, strong commitment to
sustainability and good corporate citizenship, we have over 180,000
dedicated employees serving clients across six continents.
Together, we discover ideas and connect the dots to build a better
and a bold new future.
About Telefonica Germany / O2
Telefónica Germany / O2 offers mobile and fixed services for
private and business customers. With 44 million mobile accesses and
2.3 million broadband connections, the company is one of the
leading integrated telecommunications providers in Germany. No
other domestic wireless network operator connects more people.
Telefónica Deutschland Holding AG has been listed on the Frankfurt
Stock Exchange (MDAX) since 2012. In the 2019 financial year, the
company generated revenue of EUR 7.4 billion with almost 8,500
employees. The company is majority owned by the Spanish
telecommunications group Telefónica S.A.
Forward-looking and Cautionary Statements
The forward-looking statements contained herein represent
Wipro’s beliefs regarding future events, many of which are by their
nature, inherently uncertain and outside Wipro’s control. Such
statements include, but are not limited to, statements regarding
Wipro’s growth prospects, its future financial operating results,
and its plans, expectations and intentions. Wipro cautions readers
that the forward-looking statements contained herein are subject to
risks and uncertainties that could cause actual results to differ
materially from the results anticipated by such statements. Such
risks and uncertainties include, but are not limited to, risks and
uncertainties regarding fluctuations in our earnings, revenue and
profits, our ability to generate and manage growth, complete
proposed corporate actions, intense competition in IT services, our
ability to maintain our cost advantage, wage increases in India,
our ability to attract and retain highly skilled professionals,
time and cost overruns on fixed-price, fixed-time frame contracts,
client concentration, restrictions on immigration, our ability to
manage our international operations, reduced demand for technology
in our key focus areas, disruptions in telecommunication networks,
our ability to successfully complete and integrate potential
acquisitions, liability for damages on our service contracts, the
success of the companies in which we make strategic investments,
withdrawal of fiscal governmental incentives, political
instability, war, legal restrictions on raising capital or
acquiring companies outside India, unauthorized use of our
intellectual property and general economic conditions affecting our
business and industry. The conditions caused by the COVID-19
pandemic could decrease technology spending, adversely affect
demand for our products, affect the rate of customer spending and
could adversely affect our customers’ ability or willingness to
purchase our offerings, delay prospective customers’ purchasing
decisions, adversely impact our ability to provide on-site
consulting services and our inability to deliver our customers or
delay the provisioning of our offerings, all of which could
adversely affect our future sales, operating results and overall
financial performance. Our operations may also be negatively
affected by a range of external factors related to the COVID-19
pandemic that are not within our control.
Additional risks that could affect our future operating results
are more fully described in our filings with the United States
Securities and Exchange Commission, including, but not limited to,
Annual Reports on Form 20-F. These filings are available at
www.sec.gov. We may, from time to time, make additional written and
oral forward-looking statements, including statements contained in
the company’s filings with the Securities and Exchange Commission
and our reports to shareholders. We do not undertake to update any
forward-looking statement that may be made from time to time by us
or on our behalf.
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Shraboni Banerjee Wipro Limited Shraboni.banerjee@wipro.com
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