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TCS seen front-runner for $3.5-bn Britain's Network Rail contract

HCL, Wipro also likely to bid for UK's biggest IT tender

Share buybacks might actually end up harming IT companies' competitiveness
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Debasis Mohapatra Bengaluru
Indian majors are preparing to bid for the biggest ever information technology (IT) management contract in Britain, valued around $3.5 billion (nearly Rs 250 billion ).

A multi-year one, to be decided in 2019, it is to be floated by Network Rail, a state-owned entity which manages that country’s railway network. 

According to multiple sources, Tata Consultancy Services (TCS) has an edge over others — it has had a long relationship with Network Rail and has a large presence in Britain and the rest of Europe. The Mumbai-headquartered company has been working with Network Rail for five years, managing its

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