Mobile phone chipmaker Qualcomm, which has bagged spectrum for offering broadband wireless access services in a few circles, is learnt to have finalised a deal to sell a stake to telecom networking firm Tulip.
When contacted Kanwalinder Singh, president of Qualcomm, India and South Asia, said, “We cannot comment on our partner strategy and related details at this point.”
A Tulip Telecom spokesperson in an email statement said, “As a company policy we do not comment on any such speculation. We will update once we have an official announcement.”
The BSE-Tulip has a market cap of Rs 2,507.92 crore.