Tech Mahindra bags $100-mn outsourcing contract from Vodafone New Zealand

IT services firm Tech Mahindra has bagged an outsourcing contract of $100 million from Vodafone in New Zealand as a part of which the Mahindra Group-owned company will absorb the telecom major’s 200 employees. 

Sources said Tech Mahindra was rebadging these employees of Vodafone, as the latter went through business realignment recently. In the second week of this month, Vodafone’s New Zealand unit was sold to infrastructure investment firm Infratil and Canada-headquartered Brookfield Asset Management for NZ$3.4 billion ($2.2 billion).

According to reports, Vodafone NZ had offered all its employees, other than call centre and retail staffers, voluntary severance package. Tech Mahindra