Qualcomm has created a joint venture with infrastructure giant GTL, according to reports.
The JV, which will be 74% owned by the American firm, will form part of Qualcomm’s plans to roll-out next-generation TD-LTE services in the India.
GTL will invest…
Qualcomm has created a joint venture with infrastructure giant GTL, according to reports.
The JV, which will be 74% owned by the American firm, will form part of Qualcomm’s plans to roll-out next-generation TD-LTE services in the India.
GTL will invest around US$90m for a 24% holding in the firm and will have its nominees on the board, with data services firm Tulip Telecom holding the remaining 2%.
But the deal is thought to hinge on Qualcomm winning a Broadband Wireless Access (BWA) licence in spectrum auctions later this year.
Qualcomm stated last month that it aims to: “Attract an operator partner or partners into the venture at the appropriate time for construction of a TD-LTE network in compliance with the Indian Government’s rollout requirement for the BWA spectrum and then to exit the venture.”
