Financial Daily from THE HINDU group of publications
Tuesday, Apr 13, 2004
Financial Daily from THE HINDU group of publications Tuesday, Apr 13, 2004 |
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Info-Tech
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Telecommunications `Nokia keen on telecom tech buy-out' Abhrajit Gangopadhyay
Bangalore , April 12 FINNISH cell phone maker Nokia Oyj, which has bid for buying into 55.4 per cent stake held by Mr Rupert Murdoch's News Corp in Hughes Software Systems, is likely to limit its buy-out to certain technology practices, analysts said. "The GSM business of Lucent, which Hughes bought out could add substantially to Nokia's need for third generation telecom infrastructure roll-out," a technology analyst of a foreign brokerage said. Hughes had acquired close to 300 Lucent engineers, working in Germany and Bangalore on its GSM platform. "The other offerings of Hughes including products and BPO might not interest Nokia," the analyst said, adding, "such business makes it a suitable target for firms like Microsoft and EDS". Both Microsoft and EDS have put in their bids for the News Corp stake buy in Hughes.
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