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

