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Bangalore, June 12

Wipro Technologies has pulled out of its joint venture with Motorola Inc – WMNetServ, for managing tele-communication networks and services for operators. Wipro will buy out Motorola’s stake in the deal. 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 optimisation, security, operations and support among others. But the deal did not see any great value addition, said Wipro, in a press communication.

Mr Sudip Nandy, President - Technology, Communications and Telecom Vertical, Wipro Technologies, said: “Wipro and Motorola will continue to work closely in the engineering space. ”–

Our Bureau

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