Don’t miss the latest developments in business and finance.

Wipro buys Motorola stake in JV WMNetServ

Image
BS Reporter Mumbai
Last Updated : Jan 20 2013 | 9:23 PM IST

Wipro and Motorola had formed the joint venture firm, WMNetServ, in 2006 with Wipro holding the majority stake. The stake held by Wipro was also not disclosed.

When contacted a Wipro spokesperson confirmed the development.

"Wipro and Motorola will continue to work closely in the engineering space. We have altered the equity arrangement in the partnership by buying out Motorola stake as both we and Motorola did not see any value add," Wipro Technologies President (Technology, Communications & Media) Sudip Nandy said.

WMNetServ delivers network engineering services to equipment vendors and wireless operators on a global basis. It has a framework for remote delivery of network services like network planning and design, network optimisation and others.

More From This Section

First Published: Jun 16 2008 | 4:20 PM IST

Next Story