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5G rollout may open up opportunities worth $10 billion for Indian IT firms, says JM Financial

November 01, 2018
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According to JM Financial Institutional Securities Limited, rollout of 5G wireless technology by telecom companies globally offers at least $10 billion business opportunity for India’s information technology (IT) services companies over the next six years.

The technology spend by telecom firms on software and services can potentially bring over $1.1 billion in incremental revenue over the next three years for country’s five largest companies, including Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd and Tech Mahindra Ltd.

As per industry experts, much of the incremental revenue with the advent of 5G will start coming in from the second half of 2019.

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