Tech Mahindra acquired Lightbridge
Communications Corp, US-based network services provider for value of $240
million. With the merge Tech Mahindra aims to become one of the largest network
equipment makers in the market.
Tech Mahindra Executive Vice President
Vineet Nayyar said "This is our largest acquisition outside India. LCC has about 5,700
employees and this deal will take our headcount to one lakh”
This merging will
affect Tech Mahindra share value and combined company earning margins
this year, but they can start strong in 2015.
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