WeWork India Management has entered into a Membership Agreement for Managed Office with TMUS India. The contract entails provision of dedicated workspace for TMUS India across five floors at Phoenix H10, Hyderabad, aggregating to approximately 250,348 square feet and comprising 1,507 workstations. The agreement has a tenure of 60 months, with a committed term of 42 months from the client.

This agreement has been executed to operationalize the aforesaid capacity addition and to support the company’s expansion plans in Hyderabad. The arrangement is expected to strengthen company’s presence in the region. Broad consideration or size of the order/ contract is Rs 475.49 crore (excluding applicable taxes). The works under the contract are expected to be completed on or before May 21, 2026, following which the client is expected to commence operations from the premises. 

WeWork India Management is primarily engaged in the business of managed workspace provider and provision for allied services.