The investment will be in tools and technology and the company expected to start generating revenues by the third quarter of this fiscal, A L Rao, chief operating officer, Wipro said on Wednesday.
"The company will be headquartered in Europe and will have two offices in India - in Bangalore and Delhi. Wipro will have majority stake and the JV is aimed at taping the large scale outsourcing in network and communication space," he said, adding that the venture would be operational by this month end.
The company is targeting $8-10 billion outsourced telecom services market worldwide, which is expected to touch $48 billion over the next five years.
The JV, WMNetServ, will host a global network operation centre platform that will integrate seamlessly with Motorola's existing NOCs in North America and Europe to provide uninterrupted network monitoring capabilities to customers.
"We will start with 50 engineers to make a beginning. The headcount may be increased as and when order comes and that will depend on the order size as well," Rao said.
The network operations centre of the company will be based in Delhi. WMNetServ will have a Wipro official as the head, while the board of directors will have representation from Wipro and Motorola senior management.
