3i Infotech-led consortium has signed a five-year contract with RailTel Corporation of India. RailTel has tied up with a technology firm in a bid to monetise its Wi-Fi project at more than 6,100 railway stations across the country. The other members of the consortium are Forensics Intelligence Surveillance and Security Technologies (FISST) and Yellow Inc.
Under the contract, the revenue will be generated by monetizing Wi-Fi footfalls in one of the world's largest integrated public Wi-Fi networks through targeted advertisements and extending multimedia infotainment services for rail passengers. This is India's first multi-year commercial agreement to monetize captive customers of public Wi-Fi network through collaborative efforts. As per the contract, 3i Infotech-led consortium will pay Rs 14 crore per year or 40% of revenue earned (whichever is higher) to RailTel.
3i Infotech is a global Information Technology company which provides technology solutions to over 1500 customers in more than 50 countries across 5 continents, spanning a range of verticals.
| Company Name | CMP |
|---|---|
| TCS | 2581.65 |
| Infosys | 1318.60 |
| HCL Tech. | 1442.50 |
| Wipro | 204.35 |
| Tech Mahindra | 1511.85 |
| View more.. | |
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