Nortel Networks is picking a minority stake in Bangalore-based optical network firm Tejas Networks. The deal is part of a product sourcing arrangement wherein the $11.4-billion Canadian telecom equipment company was to get the equity stake after certain purchase milestones with Tejas as the original equipment manufacturer (OEM) supplier. According to sources close to the
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Bharti Airtel Lanka Pvt Ltd, a subsidiary of Bharti Airtel, on Wednesday said it will launch second and third generation mobile services in Sri Lanka by the end of current fiscal and invest 200 million dollars in the next five years. “We are committed to offering affordable 2G and 3G services in Sri Lanka. With
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Bharti Airtel, India’s largest mobile operator, is exploring the possibility of launching operations in Vietnam. According to a company executive, Bharti would not be looking to buyout or pick up stake in existing Vietnamese companies, but was only considering setting up a greenfield company there. Vietnam’s telecom sector was recently opened up following its accession
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