Wipro bags $500 million deal from US communication service provider

IT services major Wipro has been awarded a $500 million deal by a leading US communication service provider for a period of five years, the company said in a filing to the exchanges.

“Wipro shall provide managed services for some products and industry-specific solutions,” the company said.

Wipro did not share any more details on the deal.

When contacted, a Wipro spokesperson said, “This is a five-year contract to provide managed services for select products and industry-specific solutions.” The company has nothing more to share at this stage, the spokesperson added.