IT major Wipro bags £500 million, 10-year deal with UK’s Phoenix Group

Information Technology (IT) services major Wipro on Wednesday announced that it had won a £500 million (around ₹5,500 crore), 10-year strategic deal with Phoenix Group, the UK’s largest long-term savings and retirement business. This will be one of the biggest publicly announced deals for Wipro since 2020.

As part of this transformational initiative, a number of Phoenix employees will transition to Wipro. The exact number was not disclosed.