NEW DELHI – Broadband India Forum has approached the telecom department and the finance ministry in India seeking a reversal of a hike in import duties on components and PCBAs, saying the move will drive up the cost of making telecom products and may offset benefits of the production-linked incentive scheme.
STOCKHOLM – Note reported first quarter sales increased 6% year-over-year to SEK 502 million. Adjusted for currency effects, growth was 11%.
MUNICH – Katek, the second-largest German electronics manufacturing services provider, is preparing an initial public offering on the Frankfurt Stock Exchange in the second quarter of this year. The company expects proceeds of approximately €80 million, which will primarily be used for organic growth and acquisitions.