TCS bags project from Macau telecom firm

Mumbai: Tata Consultancy Services has been selected to deploy a new rating and billing system for CTM, a telecom service provider in Macau.

The solution, which is to be deployed in three years, will allow CTM’s customers to receive faster response to enquiries and enable them to better manage their services and bills, according to a press statement.

“TCS and CTM have an extensive working history and we are excited to expand the range of services TCS is providing to CTM and to develop a roadmap for ongoing future cooperation and success,” said Ravi Viswanathan, President, Growth Markets, TCS.

For the quarter ended June 30, 2013, the company generated 9.6 per cent of its revenues from the telecom sector.

The TCS scrip hit a new 52-week high today at Rs 2,075.85, before settling at Rs 2,065.95, 3.25 per cent higher than yesterday’s closing price.