Recently CNBC reported Alcatel Lucent may sell its R&D centers at Bangalore.
Global telecom giant Alcatel-Lucent is likely to sell its research and development (R&D) centers in India. CNBC-TV18 learns that it has approached three IT firms for a possible buy. These include Wipro, Infosys and Cognizant. The combined value of arm is expected at Rs 250 crore, informed a source.
Of course, the news was immediately denied by official sources, which claim that R&D is “strategic asset” to drive “innovation”.