Indian carrier Bharti Airtel has invested $165M for a 49% stake in a Qualcomm (QCOM) subsidiary...

|About: Qualcomm Inc. (QCOM)|By:, SA News Editor

Indian carrier Bharti Airtel has invested $165M for a 49% stake in a Qualcomm (QCOM) subsidiary that bought $1B worth of Indian 4G spectrum licenses in 2010. Qualcomm was finally granted the licenses, which will be used by Bharti in its TD-LTE 4G network build, earlier this month. Bharti's price suggests Qualcomm may have to take a write-down on its purchase. The company's investments have often gone awry - FLO TV and Globalstar are two prominent examples.