Tech Mahindra signs agreement with UEFA

India, Mumbai, August 7th, 2006: Tech Mahindra, a leading Indian provider of IT solutions to telecom companies (Ranked 8th largest in terms of export revenues as per Nasscom 2005), today announced the signing of an agreement with UEFA, the Union of European Football Associations.

Under the agreement, Tech Mahindra will provide solutions in relation to UEFA managed mobile services which will be designed to enable UEFA to offer football content direct to mobile devices across the world. The agreement was announced at a function in Mumbai by Anand Mahindra, Chairman of the Board, Tech Mahindra, and Alexandre Fourtoy, Chief Executive Officer, UEFA Media Technologies SA.

Mobile phones are now becoming powerful enough to handle video, music and pictures, and with the advent of 3G users want to use these devices for a lot more than just voice. Through its relationship with Tech Mahindra, UEFA plans to enable football fans across the world to access content from its European competitions wherever and whenever they wish using their mobile phones.

Tech Mahindra’s experience in dealing with the technology of Content Delivery Platforms and having handled turn key jobs in building such platforms for operators worldwide has helped them win this contract. Under the agreement, Tech Mahindra will build and operate the mobile delivery IT environment for UEFA content, connecting it to various operator networks across the world and provide 24x7 support to deliver this content direct to football fans.

Tech Mahindra will continue to focus on premium content providers and help them to deliver their content to consumers across the world on mobile devices, a powerful personal medium today.

Speaking on the occasion, Anand Mahindra, Chairman, Tech Mahindra said, "Tech Mahindra has undergone a process of transformation in a bid to diversify its offerings and address new players in the telecom ecosystem. With this agreement, the company has once again demonstrated its strengths and versatility as one of the leading companies in the telecom solutions space. We are extremely proud of the fact that Tech Mahindra's technological capabilities will bring the excitement of the world's most popular sport to millions of football fans across the globe."

Alexandre Fourtoy, CEO UEFA Media Technologies put forth, "We are delighted to be entering into this agreement with Tech Mahindra whose expertise in mobile content delivery will bring the action from our competitions closer to football fans around the world. These are exciting times and we are hopeful that this agreement represents the beginning of a long term association between UEFA and Tech Mahindra."

Speaking on the occasion, Vineet Nayyar, Vice Chairman and Managing Director, Tech Mahindra said "European Football enthusiasts across the globe will now benefit from the expertise of Tech Mahindra to seamlessly integrate sport with technology".

About Tech Mahindra (Formerly known as MBT)

Founded in 1988, Tech Mahindra is a leading provider of solutions and services to the telecommunications industry (*Nasscom 2005 - ranked eight largest Indian IT services company in terms of export revenue). Majority owned by Mahindra & Mahindra, in partnership with BT Plc. With consolidated revenues of US$280.09 million in the year ended March 31, 2006, Tech Mahindra is India's 8th largest software exporter, and serves telecom service providers, equipment manufacturers, software vendors and systems integrators.

Tech Mahindra solutions enable clients to maximize returns on IT investment by achieving fast time to market, reduced total cost of ownership and high customer satisfaction. Tech Mahindra achieves this through its domain and process expertise, distinctive IT skills, research and development, proven innovative delivery models and approach to offshoring.

Assessed at SEI-CMMi Level 5 and PCMM Level 5, Tech Mahindra's track record for value-delivery is supported by over 11,000 personnel who provide a blend of culture, domain expertise and in-depth technology skill-sets. Its development centers are ISO 9001:2000 & BS7799 certified. Tech Mahindra has principal offices in India, the UK, United States, Germany, UAE, Egypt, Singapore, Thailand, Taiwan & Australia - including major development facilities in India and the UK. www.techmahindra.com

About UEFA

As the governing body of football on the continent of Europe, UEFA’s core mission is to promote, protect and develop European football at every level of the game, to promote the principles of unity and solidarity, and to deal with all questions relating to European football. Some of the major competitions organized by UEFA include the UEFA Champions League, the UEFA Cup and the four-yearly UEFA European Championship ("Euro").

UEFA Media Technologies, SA is the service company created by UEFA to provide all technology solutions, content solutions and assistance to ensure the development of European football, and to explore and exploit all opportunities in the new media world and assist the football family in its technology developments. The company produces content around UEFA rights and properties, develops added value and assists in commercial opportunities in UEFA’s rights exploitation. UEFA Media Technologies also develops solutions and services to assist UEFA in the organization and development of European football

Tech Mahindra Media and Industry Analyst Contact:
Bibek Chattopadhyay
Office: +91-98-2015-0538
Mobile: +022-6688-2638
bibekc@techmahindra.com

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