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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Ibexx who wrote (110620)	1/10/2002 7:23:47 AM
From: John Carragher	Read Replies (1) \| Respond to of 152472

Qualcomm To Invest $200M In India's Reliance Commun BOMBAY -- U.S.-based Qualcomm Inc. (QCOM) said Thursday it is committed to investing $200 million for a minority stake in Reliance Communications Ltd., a Reliance group company. Reliance Communications has licenses for providing basic telephone services in 17 out of 21 telecommunications zones in India, covering about 95% of India's population. The company will provide basic telephone, wireless services with limited mobility and national long-distance services in India. Reliance Communications also proposes to enter into international long-distance telephony once the sector is open to private companies. The company proposes to use Qualcomm's code divison multiple access technology, Qualcomm said in its statement. Qualcomm said the investment in Reliance Communications is part of a strategic alliance to support the introduction of next generation CDMA wireless technology.