Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering, today announced that it has teamed-up with global telecom technology firm Avion Systems, to provide network design and engineering services to major communications service providers.

Tech Mahindra has been chosen as a minority investor at Avion Systems and the new joint venture will be called Avion Networks.

The joint venture aims to play a significant role as a strategic supplier of choice to the carriers in the final deployment and management of current mobile networks and their planned transformation into the next-generation cloud enabled, virtual and software driven networks.

Shares of the company declined Rs 26.55, or 1.04%, to settle at Rs 2,537.55. The total volume of shares traded was 29,298 at the BSE (Tuesday).