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Friday, July 30, 2010

Qualcomm Announces Collaboration with Global Holding Corporation and Tulip Telecom in New India LTE Venture

Source: Qualcomm press release
Qualcomm Incorporated, the winner of Broadband Wireless Access (BWA) spectrum in four telecom circles in India, today announced Global Holding Corporation Pvt. Ltd. and Tulip Telecom Ltd. as initial shareholders for its India LTE venture. Subject to receipt of government approvals, Qualcomm will have a 74 percent stake in the venture, while Global Holding Corporation and Tulip Telecom will hold 13 percent each, as required by applicable Indian Foreign Direct Investment regulations.

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