Webwire: Qualcomm receives Indian 4G licenses; Cisco forecast disappoints

Qualcomm has accepted a shorter term and changes to the minimum rollout obligations to get its hands on Indian 4G licenses following a two year battle.
 
Cisco beat Street expectations with a 20% increase in net profit to $2.2 billion (€1.6 billion) in its fiscal 3Q12 – the three months to end April -, but disappointed with its 4Q outlook.
 
Irish incumbent Eircom is close to finalizing an agreement to emerge from insolvency by handing ownership of the company to its major creditors.
 
Huawei aims to grab a 10% share of India’s enterprise market and generate an order book worth $1 billion (€772 million) in the country by 2015.
 
US operator AT&T is considering investing in Indian start ups that have developed innovative technologies.
 
UK Wi-Fi provider Spectrum Interactive and LBS firm Selective Media are providing free, location-ad supported, Wi-Fi access in central London.

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