Wipro ties up with Motorola

By agencies   |   Wednesday, 26 July 2006, 07:00 Hrs
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BANGALORE: India's third-largest software exporter, Wipro Ltd. has formed a joint venture with Motorola Inc. to deliver outsourced telecom services.

Wipro Technologies will hold a majority stake in the joint venture company WMNetServ, A.L. Rao, chief operating officer of Wipro Ltd., said.

Though he did not give details on the stake size a private business channel said Wipro could own up to 80.1 percent of the joint venture with Motorola holding the rest. Rao said Wipro would set up a dedicated center in Bangalore as part of the joint venture agreement.

"We will make progressive investment in the company, commensurate with the equity holding pattern," he said.

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