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Nortel Sells Sasken Statek
By Mark Evans | August 27, 2008
Three years after buying a stake in India’s Sasken Technologies, Nortel has reportedly exited by selling the 9.3% it had left in the company, which develops software for 3G wireless and broadband DSL technologies.
The stake in Sasken was the brain-child of ex-Nortel CEO Bill Owens, who also committed Nortel to a money-losing contact BSNL.
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