BANGALORE, India, April 20th, 2005 - Sasken Communication Technologies, a pioneer in telecom R&D outsourcing, today announced an investment of US$3 Million by Nokia Growth Partners. Nokia Growth Partners is a global mid- to late-stage venture capital fund. Sasken plans to use this investment to fuel its growth.

"We are delighted to have Nokia Growth Partners as an investor in Sasken" said Rajiv Mody, Chairman and Chief Executive Officer, Sasken Communications Technologies Limited "This investment is another significant step in Sasken's efforts to build relationships with key players in the wireless space. We believe that this investment will go a long way in entrenching Sasken's positioning as a leading Global player in telecom products and services."

"We are very excited about our investment in Sasken" said Markus Salolainen, General Partner, Nokia Growth Partners L.P. "Sasken has demonstrated its credentials in providing a high level of service to its existing Tier 1 customers and Nokia Growth Partners' involvement in the company will support the development of this customer base further. Sasken is the first Nokia Growth Partners portfolio company and it gives me great pleasure that we have made our first investment in the Indian telecom sector."

Sasken has a "hybrid" business model - offering a unique combination of complementary IP software components, research and development consultancy and software services to leading semiconductor manufacturers, network equipment companies, and global wireless handset developers.

Sasken's services can broadly be termed as embedded R&D outsourcing services. Sasken's products are typically software components that are used by our customer to create solutions for end customers. Sasken is one of the two independent protocol stack providers in the world who own IP on GSM/GPRS, EGPRS, UMTS and TD-SCDMA protocols. Today over 2 million customer premise devices being used have Sasken DSL IP software on them & several phones in the market have the Sasken communication IP and media engines & applications. Sasken has been granted 5 patents under the USPTO and 27 patents are pending in India, the United States, Europe, Korea and Japan. This further establishes Sasken as a pioneer in Telecom R&D outsourcing.

About Nokia Growth Partners
Nokia Growth Partners is a global mid- to late-stage venture capital fund headquartered in London and Menlo Park, California. Nokia Growth Partners focuses on investments in mobile technology companies from around the world that are already experiencing industry adoption by large companies such as Nokia. For more information about Nokia Growth Partners, please visit www.nokiagrowthpartners.com.

About Sasken
Sasken, a pioneer in telecom R&D outsourcing, offers a unique combination of complementary IP software components, research and development consultancy and software services to leading semiconductor manufacturers, network equipment companies, and global wireless handset developers. Established in 1989, Sasken employs over 2,000 staff, operating from state-of-the-art research and development centers in Bangalore and Pune, India and has offices in Canada, China, Germany, Japan, Sweden, France, the UK and the United States. For more information, visit Sasken on the web at www.sasken.com.

For information contact:

Name: Milind Gandhe
Designation: General Manager, Strategic Planning
Sasken Communications Technologies Ltd.- Bangalore, India
Tel: + 91-80-25355501, Extn: 1223
HP: +91-9886-00519
E-Mail: msg@sasken.com
Website: www.sasken.com

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