Mar. 18 – Qualcomm announced on Wednesday that it will be entering India’s upcoming auction in an effort to gain access to the country’s broadband wireless spectrum.
India’s government plans to auction off two slots of bandwidth set aside for wireless technology during the auction with bidding for one slot starting at US$386 million.
After being delayed three times since January, the auction is now tentatively scheduled for April 11 with a registration deadline of March 19.
Qualcomm representatives have said that they hope to team up with a local partner to launch a TD-LTE network, or Time Division Long Term Evolution, which is faster than 3G.
“Over a five year horizon, it’s an attractive proposition for us to invest,” Qualcomm India and South Asia President Kanwalinder Singh told the Wall Street Journal.
