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Qualcomm May Sell 26% Stake In BWA Ops To Tulip; Enterprise?

While Tulip Telecom has clarified to the Bombay Stock Exchange that there is no formal agreement with Qualcomm to pick up 26% stake in the latters Broadband Wireless Access business, it hasn't denied any such discussions or plans. The clarification came following a PTI story that suggested that Qualcomm, which needs to close a partnership with an Indian entity in order to roll out LTE wireless broadband services in India, has finalized an agreement with Tulip. A Tulip Telecom spokesperson declined to comment on the news when contacted by MediaNama. As per Indian foreign direct investment (FDI) norms, only 74% stake can be held in an Indian telecom operator by way of foreign direct investment. Qualcomm had won BWA (Broadband Wireless Access) unpaired spectrum in the 2.3 GHz band in four telecom circles in India: 20 MHz each in Delhi,…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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