(QCOM) Qualcomm Looks to Bid on Wireless Spectrum in India

March 18th, 2010

Qualcomm Inc. (QCOM), the largest mobile chipset developer of the world for CDMA technology, is planning to bid for upcoming broadband wireless access (BWA) spectrum in India. The auction is likely to take place in 2011.  Ministry of Telecommunication of the Indian Government is exploring several options to auction the available spectrum for next-generation high-speed 3G networks.

Growing market traction of 3G wireless devices in India is likely to spur growth at Qualcomm. At present, India has more than 150 million CDMA wireless subscribers; out of which half a million are 3G subscribers.

Currently, Reliance Communications and Tata DoCoMo, a joint venture between Tata Communications Ltd. (TCL) and NTT DoCoMo (DCM) are the two main CDMA service providers in India.

India is also likely to become the first country to deploy the Open Market Handset (OMH) policy for the CDMA mobile industry. A long-standing problem of the CDMA industry is the lack of variety of handsets to be selected by end users. OMH policy is aimed at solving this issue. After the implementation of this policy, consumers will have access to a large range of handsets and better choice in buying devices.

Zacks Investment Research

More on this topic (What's this?)
Mirasol Could Fetch Billions for Qualcomm (Investment U, 11/24/11)
Wi-Fi is Dead… Gear Up for the New Breed of Wireless Spectrum (Wall Street Daily, 1/4/12)
TLP: Someone's Got To Be Losing A Year-End Bonus Over This (Jr Deputy Accountant, 12/30/11)
Sold Options on QCOM and BA (My Trader's Journal, 8/30/11)
Read more on QUALCOMM, Investing in India, Wireless at Wikinvest

Related Posts:

  1. ($QCOM) Qualcomm Designs Dual-mode (CDMA & GSM) FemtocellQualcomm Inc. (QCOM), the largest manufacturer of 3G mobile phone chipset based on CDMA technology,...
  2. (QCOM) Qualcomm Raises Quarterly DividendQualcomm Inc. (QCOM) has decided to raise its quarterly cash dividend by 12% and also...
  3. (QCOM) Qualcomm Analyst Upgrades to NeutralWe upgrade our recommendation for Qualcomm Inc. (QCOM) to Neutral, which means the stock will...
  4. (QCOM) Qualcomm Analyst Downgrades to UnderperformWe downgrade our recommendation for Qualcomm Inc. (QCOM) to Underperform ahead of its first quarter...
  5. (QCOM) Qualcomm Boosts Asian FootholdThe two largest emerging markets of the world, China and India have become the major...
  6. (QCOM) Qualcomm Bullish on India – Analyst BlogGrowing market traction of 3G wireless devices in India is likely to spur growth of...


Search Posts by Tag: | | | | | | | Communication Equipment | Technology

RSS Feeds by Tag: DCM | Inc. | NTT DoCoMo | QCOM | QUALCOMM Inc | Tata Communications Limited | TCL | Communication Equipment | Technology |

Other Posts by: | RSS Feed for this author