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Tech Mahindra to acquire Japan's mobile network solution firm K-Vision for $1.5 mn to expand 5G business
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  • Tech Mahindra to acquire Japan's mobile network solution firm K-Vision for $1.5 mn to expand 5G business

Tech Mahindra to acquire Japan's mobile network solution firm K-Vision for $1.5 mn to expand 5G business

Press Trust of India • March 15, 2019, 07:58:40 IST
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K-Vision provides network services for mobile communications to telecom operators in Japan

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Tech Mahindra to acquire Japan's mobile network solution firm K-Vision for $1.5 mn to expand 5G business

New Delhi: IT company Tech Mahindra will acquire Japan-based mobile network solution firm K-Vision for $1.5 million in an all-cash deal to support 4G and 5G telecom network roll out in Japan. “The investment committee of the board of directors of the company has approved the proposal to acquire 100 percent shareholding in M/s K-Vision Co., Ltd through its wholly owned subsidiary ie Mahindra Engineering Services (Europe) Limited,” Tech Mahindra said in a note. [caption id=“attachment_2264826” align=“alignleft” width=“380”] ![Representative image. Reuters](https://images.firstpost.com/wp-content/uploads/2015/05/techm-reuters.jpg) Representative image. Reuters[/caption] K-Vision provides network services for mobile communications to telecom operators in Japan. The company earned revenue of $4.8 million during 12-month period ended 31 January, 2019. “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 players,” the note said. The deal between Tech Mahindra and K-Vision was signed on Thursday and is expected to close by end of this month.

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M&A Mergers and acquisitions telecom NewsTracker 4G IT company 5G Mahindra Engineering Services K Vision mobile network solutions
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