Wipro buys out Motorola stake

Printer Print Email Email
Bangalore: Wipro Technologies announced that it will buy stake in Motorola for WMNNetServ, a managed network services firm floated in 2006 for managing tele-communication networks and services for operators. The joint venture, WMNetServ, was signed in 2006 between the two companies with Wipro holding majority stake. WNNetServ, headquartered in Europe with a branch office in London and development centres in Bangalore and New Delhi, was formed to offer services such as network planning and deployment, network optimization, security, operations and support among others. But the deal did not see any great value addition, said Wipro. Sudip Nandy, President - Technology, Communications and Telecom Vertical, Wipro Technologies, said: "Wipro and Motorola will continue to work closely in the engineering space."

Digital Supply Chain Transformation – Winning the AI/ML Way