L&T Technology Services, Nokia sign five-year India engineering deal
In short
L&T Technology Services said on Monday it signed a five-year deal with Nokia. LTTS will help with engineering and R&D work in India, including product engineering, software development, system integration and product support.
The companies did not say how much the contract is worth. The deal could help Nokia’s India R&D work, but the financial impact is still not stated.
What the reporting says
L&T Technology Services announced a five-year contract with Nokia on Monday to support engineering and research and development activities in India. The companies said the deal combines LTTS’ engineering capabilities with Nokia’s telecommunications technology work, and LTTS will support R&D programs across product engineering, software development, system integration and product support. The release did not disclose the contract value, so the financial size remains unknown.
Why it matters
L&T Technology Services and Nokia announced a five-year agreement on Monday covering engineering and R&D support in India. LTTS will set up a dedicated Offshore Development Center and work on product engineering, software development, system integration and product support. The reporting does not state the contract value or any revenue impact, so the commercial significance is unclear beyond the operational expansion.