10 Telecom Large Deals
Key Highlights of Telecom Large Deals (2022-2024)
The telecom sector has witnessed a surge in large-scale deals between enterprises and service providers over the past three years, driven by advancements in digital transformation and connectivity demands. Below is a closer look at the top telecom large deals from 2022 to 2024, highlighting their significance in reshaping the industry.
Liberty Global and Infosys: $2.5 Billion (2023)
Liberty Global entrusted Infosys with a transformative $2.5 billion contract in 2023, focusing on IT services to bolster operations, enhance digital platforms, and innovate customer experience.
Verizon and HCL: $2.1 Billion (2023)
HCL secured a major deal with Verizon in 2023 worth $2.1 billion. The partnership emphasizes modernizing Verizon's IT landscape, strengthening its network operations, and driving cost efficiency.
BSNL and TCS: $1 Billion (2023)
TCS collaborated with BSNL in a $1 billion agreement to spearhead the rollout of 4G services in India, ensuring enhanced coverage and network quality for millions of users.
US Telco and Wipro: $500 Million (2024)
In 2024, Wipro partnered with an undisclosed US telecom provider for $500 million, focusing on cloud integration, automation, and next-generation communication solutions.
Accenture continued its stronghold in the telecom sector with a strategic collaboration with Vodafone. While financial details are undisclosed, this partnership aims to accelerate Vodafone’s digital transformation initiatives.
Telstra joined hands with Cognizant in 2024 to revamp its operational framework, streamline business processes, and adopt advanced analytics-driven strategies.
Another significant win for Telstra, partnering with Infosys in 2024 to enhance customer experience through automation and AI-driven solutions.
British Telecom (BT) teamed up with TCS in 2022 to fortify its IT systems, emphasizing sustainability and digital innovation.
VI and IBM (Likely): $1 Billion (2024)
VI (Vodafone Idea) is speculated to have partnered with IBM in 2024 for a $1 billion deal focused on hybrid cloud and AI integration for better network agility and business outcomes.
Key Telecom Deals Shaping the Future
These deals showcase a clear trend toward leveraging IT services, automation, and advanced digital technologies in the telecom industry. Partnerships between service providers like Infosys, HCL, TCS, and major telecom enterprises signify a robust move toward modernization and efficiency.