WeWork India Management Limited has announced a significant milestone in its expansion strategy by securing a managed office contract with TMUS India Private Limited, valued at ₹475.49 crore. This agreement is set to enhance WeWork’s presence in Hyderabad.
The contract involves providing dedicated workspace for TMUS India across five floors at Phoenix H10, Hyderabad. The total space encompasses approximately 250,348 square feet and includes 1,507 workstations. The agreement spans a tenure of 60 months, with a committed term of 42 months from TMUS India.
WeWork India will be responsible for designing, developing, and managing the workspace on behalf of TMUS India. The works under this contract are expected to be completed by May 21, 2026, following which TMUS India is anticipated to commence operations from the premises.
The deal has been awarded by a domestic entity, and there is no involvement of promoter or group companies, ensuring it does not fall within related party transactions.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).