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.
“In 2005, Nortel had invested $10 million in Sasken for a 11.31 percent stake in Sasken's fully diluted equity, the report said.”
A lawsuit was filed in 2005:
“Zafirovski will also repay Motorola US $11.5 million, which is part of his separation payment from Motorola, and Nortel has agreed to fully reimburse Zafirovski for this repayment.”
New Age math proves conclusivley that Mike only cost Nortel $1.5 mio.
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“In 2005, Nortel had invested $10 million in Sasken for a 11.31 percent stake in Sasken's fully diluted equity, the report said.”
A lawsuit was filed in 2005:
“Zafirovski will also repay Motorola US $11.5 million, which is part of his separation payment from Motorola, and Nortel has agreed to fully reimburse Zafirovski for this repayment.”
New Age math proves conclusivley that Mike only cost Nortel $1.5 mio.
Nortel Sells Sasken Statek
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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