In September, Tech Mahindra, India’s sixth largest software exporter announced the acquisition of a 51 per cent stake in Comviva Technologies, a Bharti Group company, and a global player in providing mobile value added services (VAS), mobile money and mobile payment solutions. The acquisition represents a further move by the Tech Mahindra into the telecom space, as India continues to ramp up its software and telecom applications interests across the Middle East and Africa
Comviva’s Mohapatra says ring back tones have enjoyed enormous success with operators across geographies and the company is confident of replicating this success in Africa