BANGALORE, India -- Qualcomm Inc. has joined with Global Holding Corp. and Tulip Telecom Ltd. as initial shareholders for an Indian LTE wireless joint venture.
San Diego-based Qualcomm won licenses for broadband wireless spectrum in four Indian regions during recent spectrum auctions.
The partners said the new venture will help speed LTE deployment in India, complementing 3G HSPA and EV-DO networks. If approved by government regulators here, Qualcomm will hold a 74 percent stake in the venture; Global Holding and Tulip Telecom will each control 13 percent. Indian foreign direct investment regulations prohibit foreign companies from independently offering telecom services.
Global Holding is part of Global Group, which provides network services to Indian mobile providers. Tulip Telecom is India’s largest enterprise data connectivity service provider.
“Qualcomm will facilitate accelerated deployment of LTE in concert with 3G HSPA and EV-DO networks, which protects and enhances the significant investment made by Indian operators in securing 3G and [broad wireless access] spectrum,” Kanwalinder Singh, president of Qualcomm India, said in a statement.
--K.C. Krishnadas is site editor TechOnline India