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Qualcomm to sell BWA stake

ORLANDO: U.S.-based chip maker Qualcomm, which has broadband wireless access (BWA) spectrum licences for offering mobile broadband services in four circles in India, on Thursday said it would sell its stake to an operator planning to offer LTE-based services.

LTE (Long Term Evolution) is considered as 4G technology because it is faster than 3G and it uses an architecture where everything (including voice) is handled as data, similar to Internet.

Replying to a question regarding exit from its broadband venture in India, Qualcomm Senior Vice-President for Global Marketing Investor Relations Bill Davidson said, “The strategy is to ensure LTE's place in market in India and the key element for the exit is that you find the right partners that help faster growth of the LTE ecosystem.”

“The financial consideration is important, but is not the only determination for us in terms of the right partners... (The partner) will have to adopt LTE technology. That is the whole reason that LTE must have space in the Indian market.”

Qualcomm had formed its India broadband unit after bagging BWA spectrum in four circles — Delhi, Mumbai, Haryana and Kerala — for about $1 billion in auctions held in June last year. — PTI

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