Tech Mahindra in focus post collaboration with AT&T

Tech Mahindra has expanded its strategic collaboration with AT&T. Shares of Tech Mahindra posted gains of 4 percent in the opening bell of the Friday trading session.

The collaboration is aimed to accelerate AT&T's IT network application, shared systems modernization and movement to the cloud. The company will assume management of many of the applications which support AT&T's network and shared systems.

This multi-year agreement will enable AT&T to prioritise on core objectives, including having the most advanced software defined 56 network, and to migrate the majority of its non-network workloads to the public cloud by 2024.

Tech Mahindra has also mentioned that as part of its TechMNxt charter, the company is betting big on 5G - network of the future, and is focused on technology-led innovation to enable digital transformation for its customers globally.

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra.

The shares of Tech Mahindra on Friday opened at Rs. 714 against Thursday’s close of Rs. 695.35. At 09:52 hours it was trading at Rs. 728.60, gaining 4.78 per cent from its previous close. The stock hit an intraday high of Rs. 732.00 and intraday low was Rs. 714.00. Its 52-week high was Rs. 846.00 and 52-week low was Rs. 607.90 per share on the BSE.