Qualcomm Talking To Reliance For Tie-up

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Qualcomm talking to Reliance for tie-up.

Source: Sify News, March 17, 2004

US-based Qualcomm Inc, the pioneer of Code Division Multiple Access technology in telecom, today said it is talking to Reliance Infocomm for technical collaboration and expects over two-fold growth in India in 2004.

''We are talking to Reliance Infocomm for a technical tie-up,'' Qualcomm Inc Group President Paul E Jacobs told newsmen.

Earlier, there were reports that the American company may pick up four per cent stake in Reliance Infocomm. Jacobs today denied such a move.

He said last year around six million handsets with Qualcomm technology were sold in India and this year the sale was expected to be 13 million.

Worldwide, the company is expecting sale of 142 million handsets based on its technology.

Jacobs also said that Qualcomm is thinking to setting a development centre in India. While refusing to put any time frame for setting up the centre, he said that the development centre would have more than 100 engineers.

''The centre will work on chip design and software,'' Jacobs said.

Edited March 18, 2004 by Ashokjp