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Tech Mahindra and iTelecom Wholesale announce Australian partnership(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 30 November 2012 Release date- 30112012 - Melbourne, VIC - iTelecom Wholesale Pty Ltd, a leading wholesale only aggregator and mobile virtual network enabler (MVNE) to communication service providers, and Tech Mahindra (NSE: TECHM), a leading global systems integrator and business transformation consulting services firm exclusively focused on the communications industry, are pleased to announce a strategic partnership to provide integrated Virtual Network Operator (iVNO) solutions to the Australian market. Through this partnership, brand owners and mobile virtual network operators (MVNOs) in Australia will now have access to a Branded iVNO solution offering a 360 degree virtual enterprise, providing Product, Platform, Process and People. Brand owners will be enabled to offer their customers prepaid and postpaid mobile as well as wireless broadband and other value added services under their own brand. This will be backed by a next generation real-time billing and customer care platform, contact centre support for sales, back office, customer service and technical support and in depth and proven telecom domain expertise. Under the Branded iVNO solution, brand owners will be responsible for sales, marketing and branding while leveraging a ubiquitous services offering across the telecom value chain on a Pay-as-you-Grow commercial model. This will enable brand owners to offer new services to their market or niche, secure new revenue streams and enhance their customers experience and brand loyalty. By combining Tech Mahindra's proven telecom system integration and solution delivery capabilities with iTelecom Wholesale's integrated virtual network enabler solutions and carrier networks, Brand Owners and MVNOs will be empowered like never before to create new market offerings and commercial opportunities by leveraging our Branded iVNO solution in new, entrepreneurial ways. Satyarth Mishra, Regional Director Australia & New Zealand for Tech Mahindra said, 'Our partnership with iTelecom Wholesale is the first of its kind in Australia. It not only enables major Australian brands and MVNOs to create new revenue streams, but also through iTelecom Wholesale leverage Tech Mahindra's extensive global resources, deep telecom expertise and best-in-class systems and processes. We are excited to bring our best practices in customer service, back office operations and technology to enable brand owners and MVNOs to offer new services to their market and enable a premium customer experience for their end customers. We are pleased to work with iTelecom Wholesale and together we propose to revolutionise the MVNO industry in Australia.' Vikram Mohite, Chief Sales Officer for iTelecom Wholesale, said 'This partnership has brought Tech Mahindra, a leading global IT services organisation with niche and proven expertise in Telecom, and iTelecom Wholesale, an innovative iVNE to create a virtual enterprise that can deliver a turn-key mobile (prepay and postpaid) service on an outcome based model. This will enable brand owners in Australia to generate new revenue streams and enhance their customer's loyalty by offering compelling mobile products and other value added services to their end customers.' In ANZ region, Mahindra group Information Technology business, Tech Mahindra and Mahindra Satyam has over 6000 associates and has over 40 clients including 6 of the top 10 Australian brands. Along with the Telco pedigree, Tech Mahindra's key differentiators are its ability to culturally align with its customers, agility in on-ground execution and innovation to stay competitive in changing times. About iTelecom Wholesale iTelecom Wholesale is a leading wholesale aggregator and mobile virtual network enabler (MVNE) supplying communication services providers of all sizes across the communications industry with wholesale only, voice, broadband and mobile products and a range of white label managed and cloud services. At iTelecom Wholesale we do more than offer you great wholesale products and powerful business tools. We help your business grow and prosper, working with you to build a strong, productive and sustainable relationship. As an MVNE, iTelecom Wholesale is the first reseller of Telstra services in Australia to enable you to resell the Telstra Wholesale Postpaid Mobile service under your own brand and offer extensive 3G coverage in Australia reaching 97 percent of the population. For more information, see www.itelecomwholesale.com.au Follow us on Twitter: http://twitter.com/itelecom_ws For clarifications, write to us at: [email protected] About Tech Mahindra Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra Limited, in partnership with British Telecommunications plc. Tech Mahindra serves telecom service providers, equipment manufacturers, software vendors and systems integrators worldwide and their proven delivery models, distinctive IT skills and decades of domain expertise enable clients to maximize returns on their IT investment. Tech Mahindra registered revenue of USD 1,156 million in the year ended March 31, 2012 and is ably supported by 40,700 + professionals who provide a unique blend of culture, domain expertise and in-depth technology skill-sets. Tech Mahindra's Development centers are ISO 9001:2008, ISO 27001:2005, ISO 20001:2005, BS 25999-2: 2007 certified. Tech Mahindra has principal offices in the UK, United States, Germany, UAE, Egypt, Singapore, India, Thailand, Taiwan, Malaysia, Philippines, Canada and Australia. Tech Mahindra Ltd is part of the US $15.9 billion Mahindra Group, a global industrial federation of companies and one of the top 10 business houses based in India. The Group's interests span automotive products, aviation, components, farm equipment, financial services, hospitality, information technology, logistics, real estate and retail. For more information, see www.techmahindra.com Follow us on Twitter: http://twitter.com/tech_mahindra For clarifications, write to us at:[email protected] Forward Looking Statements Some of the statements contained in this news release that are not historical facts are forward-looking statements. These forward looking statements include financial, growth and liquidity projections as well as statements concerning Company plans, strategies, intentions and beliefs concerning business cash flows, costs and the markets in which it operates. Without limiting the foregoing, the words 'believes,' 'anticipates,' 'plans,' 'expects,' 'intends' and similar expressions are intended to identify certain forward-looking statements. These statements are based on information currently available to the Company and it assumes no obligation to update the forward-looking statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from the forward-looking statements. These risks include, but are not limited to, the company's ability to predict its financial performance, the level of market demand for its services, the highly competitive market for the types of services offered by the Company, the impact of competitive factors on profit margins, market conditions that could cause the Company's customers to reduce their spending for its services, the Company's ability to create, acquire and build new businesses and to grow existing businesses, attract and retain qualified personnel, reduce costs and conserve cash, currency fluctuations and market conditions in Australia and elsewhere around the world, political and military tensions, changes in generally accepted accounting principles and/or their interpretation and other risks. 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