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Nokia Siemens, TCS Ink Multimillion-Euro Outsourcing Deal
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Nokia Siemens to transfer its product engineering and R&D services as well as part of the operations and business software (OBS) unit activities to TCS.
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Tuesday, March 04, 2008:
Tata Consultancy Service (TCS) Ltd and Nokia Siemens Networks have entered into a multimillion-euro agreement to jointly research and develop telecom products at Nokia Siemens' Dusseldorf centre in Germany. Nokia Siemens will affect a transfer of product engineering, research and development services and parts of its operations and business software (OBS) to TCS. The operations transfer includes 90 employees, who will be moved to TCS as part of the deal.
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The agreement would create an efficient set-up in which TCS will provide global R&D services to Nokia Siemens by leveraging its expertise in the telecommunications sector.
According to N. Chandrasekaran, chief operating officer and executive director, TCS, "The agreement with Nokia Siemens reiterates TCS' capability to enhance customers' business by leveraging our superior R&D services and strong domain. We will share with Nokia Siemens innovative approaches, global best practices and benchmark standards to ensure excellence."
"The new regional delivery centre for telecommunications customers in Dusseldorf - where the transferred employees will work - is strategic to TCS as Germany is a key European market," added Chandrasekaran.
Nokia Siemens has placed innovation and R&D at the top of its strategic agenda as it tries to achieve its vision of getting five billion people connected by 2015.
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