Telsima to sell majority stake to US-based wireless operator
February 15, 2009
US-based wireless service provider Harris Stratex Networks is set to acquire majority stake in Indian Wi-Max solutions firm Telsima for $55 million. Telsima caters to clients such as Reliance Communications and Tata Teleservices in India, and has been involved in several e-governance projects in the country. The firm, which started operations five years ago, also works with telecom operators in the African and Russian markets. Telsima is reportedly being valued at about twice its annualised revenues.
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