Seeking Alpha

Qualcomm sells Indian JV stake to Bharti Airtel

  • Indian carrier Bharti Airtel says it has bought Qulacomm's (QCOM -0.1%) 51% stake in a JV that owns valuable 4G spectrum licenses. Deal terms haven't been disclosed.
  • Qualcomm sold a 49% stake in the JV to Bharti last year for just $165M, after paying $1B for the licenses in 2010. As desired by Qualcomm, Bharti will use the spectrum to build a 4G network with a TD-LTE air interface. TD-LTE offers more downlink capacity in urban areas than FDD-LTE interfaces, which are used in most current 4G builds.
From other sites
Comments (2)
  • rrosey2
    , contributor
    Comments (709) | Send Message
    That's a big loss for QCOM.


    What does QCOM gain ?
    18 Oct 2013, 04:36 PM Reply Like
  • thomas.tintin
    , contributor
    Comments (213) | Send Message
    QCOM gain LTE. The bid makes sure Wimax was dead since Indian market was the last chance for Wimax..
    18 Oct 2013, 06:11 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector