Qualcomm to sell Indian TD-LTE venture

Qualcomm (NASDAQ:QCOM) CEO Paul Jacobs said the chip maker intends to sell off spectrum in its TD-LTE venture in India. He told Reuters the company bought broadband spectrum in the country to ensure that LTE would get deployed, but that it never intended to operate a network and does not want to compete with its partners. He said Qualcomm will sell the spectrum, which it paid around $1 billion for, to one or more operators. Indian media have reported that Bharti Airtel and smaller rival Aircel are vying to get the spectrum, but Bharti has dismissed that as speculation. Article

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