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Friday, November 13, 2009

LG licenses Qualcomm for 4G technology

Source: Reuters
Qualcomm Inc said LG Electronics Co Ltd is one of three major phone makers that agreed to license its 4G high-speed wireless technology, solidifying its position in the mobile market for years.

"This means they have 65 percent of the handset market signed up to long-term royalty agreements," JP Morgan analyst Steven O'Brien said. "We have more certainty in the royalty streams and cash flow streams from the major handset vendors."

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