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Nortel May Dump Sasken Stake
By Mark Evans | April 17, 2008
According to India’s The Financial Express, Nortel may be planning on selling its 11.31% stake in Sasken Communication Technologies Ltd., a Bangalore-based telecom R&D firm that Nortel invested $10-million in three years ago.
Sasken, which has worked with Nortel since 1991 on many of its GSM technologies, may back the stake back from Nortel. Its board meets later this week.
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