Mumbai, May 22 : Tata Consultancy Services-led consortium has bagged a Rs 15,000-crore contract from BSNL to deploy 4G network for the state-run telco. In a statement, TCS said it has received an "advance purchase order" valued over Rs 15,000 crore from BSNL. Tech Layoffs To Continue! Two Lakh Tech Employees Lose Jobs Globally in 2023 Till Now, More Sackings Likely in Coming Months.

The announcement ends months of speculation around the deal, where TCS was tipped to be the front runner for the contract. The deal has been in the works for many months. TCS is the country's largest software exporter and typically books over 5 per cent of its revenue domestically. Instagram Down: Photo and Video Sharing App Suffers Outage As Users Face Trouble Accessing Insta; Technical Issue Resolved, Says Meta.

Bharat Sanchar Nigam (BSNL) provides fixed line and wireless telephony, and data services across the country barring Mumbai and New Delhi. Private rivals of BSNL already provide 4G services and have also launched 5G offerings in select pockets of the country. The TCS scrip was trading 0.77 per cent up at Rs 3,246.55 a piece at 1045 hrs on the BSE, as against gains of 0.32 per cent on the benchmark.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)