Tata Consultancy Services Limited has informed the Exchange regarding 'Press Release - TCS Partners with Now Corporation to Power Philippines' Sovereign Data Cloud and Financial Inclusivity'.
TCS · price
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TCS has signed a Memorandum of Understanding (MoU) with Now Telecom, the telecom arm of Philippines-based NOW Corporation, to support the country's national digital infrastructure. As part of the deal, TCS will deploy its SovereignSecure Cloud™ platform and Cyber Defense Suite to help build a sovereign data cloud, enable financial inclusivity, and protect critical networks from cyber threats. The partnership will also cover citizen-centric services like digital private infrastructure, healthcare, and digital banking. Both companies are members of the Trusted Network Initiative (TNI) in the Indo-Pacific region, and the collaboration aligns with the Philippines' Department of Information and Communications Technology and clean network principles. TCS has had a presence in the Philippines since 2008 and serves sectors like telecom, banking, real estate, and airlines.
This is a strategic partnership announcement, not a large contract, so immediate revenue impact is likely small. However, it strengthens TCS's positioning in the ASEAN/Philippines market, showcases its sovereign cloud and cybersecurity capabilities, and supports its long-term growth narrative in the Indo-Pacific region.