Wipro Technologies, the IT arm of Wipro, and global telecom major Motorola will jointly invest around $20 million in WMNetServ, a newly-formed joint venture for telecom outsourced services.
The investments would be made over a three-year period, even as the joint venture company has begun scouting for clients both from across the world.
"The investment would be made as part of the infrastructure requirements of the JV firm and would be mainly in software suites and technology. We expect to start generating revenues by the third quarter of the current financial year," Wipro chief operating officer A L Rao said in a press conference on Wednesday.
Wipro will hold a majority stake in the JV and deliver services on an end-to-end basis, while Motorola will bring in the clients. The JV would also focus on Motorola's existing client base, offer solutions and rolling out network optimisation and maintenance services.
WMNetServ will be headquartered in Europe and the operations will be managed out of Network Operations Centres in Delhi and Bangalore. The NOCs will be integrated with Motorola's NOC in North America and Europe.
The joint venture firm will be fully operational by the end of August this year and it is looking at tapping the $26 billion managed and advisory services market, which is expected to nearly double by 2010.
Wipro Technologies chief strategy officer Sudip Nandy said that the JV will commence operations with a core team, comprising 50 engineers. "This will be later increased to depending on the order size," he said.
According to Motorola corporate vice president Srikanth Kannankote, "The combined strength of Wipro and Motorola gives WMNetServ a significant competitive advantage in managed services market."
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