Friday, January 16, 2009

Nortel owes over $10 mn to Indian IT companies

Nortel Networks, the Canadian telecom equipment maker which filed for bankruptcy protection on Wednesday, owes $9 million to Indian IT companies such as Wipro ($3.1 million), Infosys and TCS (both $2.9 million) as per court filings. 

Additionally, Nortel, which is amongst the top 3 clients for tier-II software services firm-Sasken Communication, is said to owe an undisclosed amount to Sasken too.

No comments:

Post a Comment