Infosys and Tech Mahindra announce the 5G Network Business Plan

According to the news, Indian IT service provider Infosys and Tech Mahindra have announced plans to earn income from the 5G network business.

Tech Mahindra launched its Network Automation and Managed Services Framework ‘NetOops.ai’ in the Mobile World Congress 2019. Tech Mahindra’s NetOps.Ai has been prepared to speed up the adoption of 5G networks by automating all life cycle phases of the major network.

Earlier, Tech Mahindra had launched the Network Lab Rakkutan Clout Innovation Lab running software from Tokyo, Japan. The 5G network capable Rakuten, which will launch a mobile operation in October 2019, test, integrate and deploy new facilities and technologies. Also, it will help reduce cost and improve the network experience for consumers.

At the same time, Infosys has launched a new service that will help the communications service providers to accelerate their expansion and earn revenue of 5G networks, and help companies create a new financial system with 5G technology.

It is worth mentioning that in the October-December quarter of 2018, Tech Mahindra contributed 41.1% of the total revenue of the telecom business. In the same period, Infosys has 11.9% share in telecom business in total income. 

On the other hand, Infosys shares at BSE were at Rs 748.15 with weakness against the previous closed level of Rs 754.90. At approximately 11 o’clock it is at Rs 749.00 with the weakness of Rs 5.90 or 0.78%. Tech Mahindra’s share is falling by Rs 4.15 or 0.50% to Rs 826.65. 

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