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Company News

India's Wipro to manage R&D for Nokia Siemens

MUMBAI, Oct 11 (Reuters) - India's Wipro Ltd WIPR.BOWIT.N said on Thursday its Wipro Technologies unit would manage some research and development activities for Nokia Siemens Networks [NSN.UL].

Financial terms were not disclosed.

Under the agreement between the two firms, 58 employees of Nokia Siemens Networks would be added to the operations of Wipro Technologies.

Network equipment maker Nokia Siemens is an equal joint venture between Nokia NOK1V.HE and Siemens SIEGn.DE.

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