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Nortel Buys Stake in Indian Company
By Mark Evans | August 16, 2007
With Nortel CEO Mike Zafirovski in India, the timing is perfect for the company to announce it has purchased a minority stake in Bangalore-based Tejas Networks, the country’s leading optical equipment maker.
Tejas is a privately-owned company whose investors include including Sycamore Networks founder (and former Queen’s University teacher) Gururaj Deshpande, venture capitalists Battery Ventures and Mayfield, Sycamore, Sandstone Capital, Intel Capital and the Sun Group.
Topics: M&A |