• Elevates Rafael Olivares as the new chief executive officer for Latin America operations
  • Jorge Brunfman steps down as CEO but to continue as a member of the Mahindra Comviva Argentina board

Buenos Aires, Argentina – 04, April 2017: Mahindra Comviva, the global leader in mobility solution has appointed Rafael Olivares as the new chief executive officer (CEO) for Latin American Operations. The appointment is effective from April 1, 2017. With this appointment, Mahindra Comviva is aggressively focusing on extending its footprint across Latin America.

 

The company is targeting a 250 per cent growth in revenue over the next three years. This includes a strong focus on innovation, development and deployment of mobile financial, big data analytics, innovative content solutions and Enterprise centric solutions e.g. data monetization and messaging. This will help the company to support digital transformation of the region across Telcos, BFSI and Retail businesses.

 

Mahindra Comviva acquired a controlling stake in Advanced Technology Solutions (ATS) in January 2016. Since then, Jorge Brunfman was leading the Latin American operations. He will continue as a board member of Mahindra Comviva Argentina organization.

 

Commenting on the appointment, Manoranjan Mohapatra, CEO, Mahindra Comviva said, “Rafael brings a wealth of experience and expertise in the customer engagements and the business process including delivery, strategy and PMO. I believe that with Rafael’s leadership Mahindra Comviva will sustain and improve its leading position in the mobility solutions space in Latin America.”

 

Today, Mahindra Comviva is serving over 25 telecom operators across 15 countries in the Latin American region: Argentina, Brazil, Mexico, Colombia, Chile, Peru, Ecuador, Guatemala, Honduras, El Salvador, Bolivia, Paraguay, Dominican Republic, Guyana and Curacao, with over 65 deployments. These solutions have enabled operators to differentiate their brand, create sustained new revenue streams, and drive-up mobile subscribers’ ARPUs.

 

About Mahindra Comviva

Mahindra Comviva is the global leader of mobility solutions catering to The Business of Tomorrows. The company is a subsidiary of Tech Mahindra and a part of the $17.8 billion Mahindra Group. Its extensive portfolio of solutions spans digital financial services, customer value management, messaging and broadband solution and digital lifestyle services and managed VAS services. It enables service providers to enhance customer experience, rationalize costs and accelerate revenue growth. Mahindra Comviva’s solutions are deployed by over 130 mobile service providers and financial institutions in over 95 countries and enrich the lives of over two billion people to deliver a better future. In January 2016, the company acquired a controlling stake in Advanced Technology Solutions (ATS), a leading provider of mobility solutions to the telecom industry in Latin America to strengthen its in-region presence. For more information, please visit www.mahindracomviva.com

 

For further enquiries, please contact:

Sundeep Mehta
Global Manager – PR & Corporate Communications
pr@mahindracomviva.com