Qualcomm eyes 4G services in India
Qualcomm in talks to form JV to deploy TD-LTE network in India, if it wins the required BWA spectrum.
US wireless technology giant Qualcomm is in talks with Indian network services company GTL to form a joint venture to deploy TD-LTE services in India, according to a report from the Economic Times.
Qualcomm, which is among 10 companies bidding for one of two 2.3 GHz blocks of broadband wireless access spectrum, allowing coverage across the country's 22 telecom circles, plans to take a 74% stake in the joint venture through a holding company in Asia, should it succeed in the auction, the Economic Times of India reported, quoting a person close to the deal.
Meanwhile, GTL will invest around Rs 4 billion ($90 million) for a 24% holding and will have its nominees on the board, while data services firm Tulip Telecom is likely to have a 2% stake, the source added.
Qualcomm, which announced last month that it had filed an application with the Indian government to bid in the country's auction for BWA spectrum, said that if its bid was successful, it intended to partner with Indian companies to launch broadband services using TD-LTE technology.
The company added that TD-LTE, which is compatible with 3G WCDMA/HSPA and EV-DO, would enable "a seamless broadband experience for consumers within India and while roaming globally", making it the most suitable technology to make use of the unpaired 2.3 GHz spectrum band.