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QUALCOMM TAKES 4% STAKE IN INDIA'S RELIANCE COMMUNICATIONS.
NEW DELHI, Jan 12 Asia Pulse - A day after announcing an investment of US$200 million in Reliance Communications Ltd (RCL), Qualcomm Inc said on Friday it has picked up about 4 per cent equity in the company and added there were no immediate plans of similar investments in other companies at this point.
"We have picked up about 4 per cent equity," Irwin Mark Jacobs, Chairman and CEO of Qualcomm Inc told reporters when asked about the quantum of equity that Qualcomm had picked up in the company.
The government policy was very positive for increasing the size of telecom market, he said, adding "we became very excited about the opportunities and we made investments with them (Reliance) in the telecom area."
San Diego-based QualComm Inc yesterday ...
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