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Persistent Systems, Sprint Nextel Enter Into Venture Accord

India’s Persistent Systems Ltd. (PSYS) enterd into a venture agreement with Sprint Nextel Corp. (S) to provide internet and managed network services in the South Asian nation, according to a statement on the National Stock Exchange today. Sprint will own 74 percent stake in the venture.

To contact the editor responsible for this story: Pradeep Kurup at pkurup3@bloomberg.net

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