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| Wipro Technologies restructures its telecom business |
| Tuesday, 10 July 2012 | |
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Wipro Technologies is rejigging its telecom vertical to focus more on areas like telecom analytics and mobile broadband, where the end customers are telecom operators. Traditionally, Wipro has been focused on product engineering for telecom equipment vendors. "Earlier 100 percent of our revenues came from products that are selling boxes. But a shift is now happening from product into services. Services now constitute about 25 percent of our business," Jayanta Dey, global head of consulting, solution and practice unit, telecom equipment vendor vertical, Wipro Technologies, said. According to Frost and Sullivan, the global telecom equipment market is seeing a slowdown with many vendors seem to be either losing money or quitting the business. "Clients are making sure that whatever R&D dollars they invest in, it gives them return. Their budgets are not increasing. For some clients, services constitute about 40-50 percent of the business we get from them," added Dey. The worldwide telecom equipment market is likely to grow slower at 6.9 percent this year from 7.2 percent last year, according to Gartner Inc. Wipro Technologies is focusing on telecom analytics, customer experience management, making hardware interoperable across platforms, system integration and optimising network services. Wipro Technologies has large telecom network clients such as Ericsson, Nokia Siemens Networks and Siemens. NSN has seen some ramp down in existing projects, as telecom network rollouts remain slow. Wipro is building LTE (4G) small cells, which are mini base stations which can be hung from electric poles or lamp posts. The LTE small cells have a radius of 500 m to 2 km, and can support a secure mobile broadband network, useful in areas of defence and utilities. The company has about 10,000 employees working in its global media and telecom business. Revenues from Wipro's global media and telecom vertical grew about 4 percent in FY12 to Rs 5610 crore (USD 1.1 billion). But contribution of the telecom vertical fell marginally from 18 percent in 2011 to 16 percent in 2012 to Wipro's IT revenues, owing to a global slowdown. Telecom is third largest business vertical for Wipro after financial services which contributes about 25 percent and manufacturing which contributes about 20 percent. –The Economic Times |
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