Global Holdings is the owner of telecom infrastructure firms-GTL Ltd. and GTL Infra. Tulip Telecom is a communications service provider.
Qualcomm acquired wireless airwaves in
Indian telecom industry is one of the fastest growing industries in the world and acquiring airwaves in
Kanwalinder Singh, President, Qualcomm Indian and South Asian operations, told reporters that his company hopes get broadband spectrum in the next two or three months and would launch its broadband services in 2011.
According to Indian law, Qualcomm’s share in its Indian venture would not surpass 74 percent stake while the rest 26 percent would have to be offered to Indian companies. Qualcomm will invest $164.3 million in its Indian broadband venture.