MUMBAI: Tech Mahindra sees the proposed merger of Vodafone and Idea as a "seismic" event that will impact the IT sector , but asserted that it will benefit from such a deal.The software firm derives over half of its revenue from servicing communication companies. In my world, it is a seismic change. Clearly, it means that certain part of the IT spend will either come down or get re-directed," Tech Mahindra MD and CEO CP Gurnani told PTI here over the weekend.However, he said that rather than being affected, Tech Mahindra may benefit from such a merger. "He said the vendor servicing of both the company's traditional information technology needs will be impacted because of the merger, but sought to distinguish Tech Mahindra from it because of nature of the job it does. "I do project work for both the companies, and I don't do the main or traditional IT work.

Source: Economic Times February 19, 2017 11:04 UTC