Reliance Tec Ventures invests in French co Sequans Communications

Reliance Technology Ventures, a part of Reliance ADA Group, on Monday said it has invested an undisclosed sum in French company Sequans Communications.

MUMBAI: Reliance Technology Ventures, a part of Reliance ADA Group, on Monday said it has invested an undisclosed sum in French company Sequans Communications.

Sequans offers chip solution for building wide range of WiMax network components.

���The global WiMax market is projected to be $2 billion by 2009 and Sequans is well positioned to take advantage of this opportunity through its high performance, yet extremely efficient chip technology for both base stations and subscriber stations,��� Reliance Technology Ventures CEO Harshal Shah said.
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