Tech Mahindra to launch 5G pilot projects by next month and execute big projects on the new generation network from next financial year onwards, said a top executive of the IT giant. C P Gurnani, CEO and managing director of Tech Mahindra also said the company hopes to garner over $100 million as revenues from Blockchain Technology during the current fiscal.
“My personal belief is that by September we would launch. Tech Mahindra to launch 5G pilot projects offerings along with its partners. We expect within this financial year to do about five 5G trials and hopefully in the financial year, starting April 1 2019, we will be executing some big projects,” he told PTI during his recent visit to the city.
A senior official of Tech M had earlier said they had set up an innovation lab powered by Intel architecture to Tech Mahindra to launch 5G pilot projects in India. The Centre constituted a high-level committee last year, comprising secretaries of the telecom department, IT and electronics ministry and science and technology department, to work out the vision, mission and goals for India’s 5G ambitions and prepare a road map and action plan for the same.
Telecom industry body COAI has said auction of spectrum for 5G services should happen only around the second half of 2019 as it would offer telcos better visibility into market dynamics and potential revenue streams of the next-generation mobile services. “My (Tech Mahindra to launch 5G pilot projects ) appetite is very very large and the opportunity of 5G is very large,” Gurnani said.
Tech Mahindra to launch 5G pilot projects offering services to its clients using Blockchain Technology, the official said, adding that they started focusing on the emerging technology for the past three years and implemented solutions, mainly for Government and banking customers.
” Tech Mahindra to launch 5G pilot projects. By the year end I would think is that it will become significant (revenues) by my standards. That means I am talking of $100 million plus. By somebody else’s standards it may not be significant… We are in 90 plus countries.