Sasken Communication receives first tranche of $7 million from Spreadtrum Communications

13 Aug 2014 Evaluate

Sasken Communication Technologies has received the first tranche of $7 million from Spreadtrum Communications. Earlier on July 01, 2014, the company had received arbitration award in its favor in the matter of Spreadtrum Communications Inc (Spreadtrum). The award recognizes that the agreement between the parties is in full force and as a result, Spreadtrum has been directed to pay $31.7 million within 30 days, towards royalties and interest on unpaid royalties. Further, the Arbitrator had directed Spreadtrum to continue to provide royalty reports and pay the contracted royalties on an ongoing basis.

Sasken is a leader in providing Engineering R&D and Productized IT services to global tier 1 customers in the Communications & Devices, Retail, Insurance and Independent Software space.

Sasken Technologies Share Price

2126.85 46.60 (2.24%)
24-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
TCS 4180.65
Infosys 1909.30
HCL Tech. 1896.30
Wipro 305.25
Tech Mahindra 1706.30
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.