Mumbai, Mar 3: Information Technology major Tata Consultancy Services has signed a multi-million Euro agreement with Nokia Siemens Networks for R &D services. TCS today informed the BSE that it has entered into a parternership with Nokia Siemens Networks to transfer product engineering and R &D services as well as parts of the operations and business software (OBS) business unit activities.
With this agreement, Nokia Siemens Networks and TCS will create an efficient set-up whereby TCS will provide global R &D services to Nokia Siemens Networks by leveraging its expertise in the telecommunications sector, TCS said in a statement.The reassigned parts belong to the Nokia Siemens Networks development center in Dusseldorf Germany, including 90 employees who will be transferred to TCS as part of this engagement.
''The agreement with Nokia Siemens Networks reiterates TCS' capability to enhance customers' business by leveraging our superior R &D services and strong domain,'' said N Chandrasekaran, COO and Executive Director of TCS.
The new regional delivery center for telecommunications customers in Dusseldorf, where the transferred employees will work, is strategic to the company, as Germany is a key European market, Mr Chandrasekaran added.