Qualcomm Wins BWA Spectrum in the 2.3 GHz Band in India
MUMBAI, India and SAN DIEGO, June 11 /PRNewswire-Asia/ —
Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator
of advanced wireless technologies, products and services, today announced
that it is a provisional winner of BWA (Broadband Wireless Access) – unpaired
spectrum in the 2.3 GHz band – in four telecom circles in India. Qualcomm was
one of 11 bidders participating in the BWA auction and has provisionally won
one, 20 MHz slot of spectrum in the circles of Delhi, Mumbai, Haryana and
Kerala. Qualcomm’s final bid was INR 4912.54 Crore or approximately 1.045
Billion USD.(1)
LTE is best suited to address the demand for high-bandwidth mobile
broadband services in India’s 2.3 GHz band and can seamlessly interwork with
current and future 3G HSPA and EV-DO networks. Qualcomm offers the industry’s
first 3G/LTE multi-mode chipsets, which will enable a seamless mobile
broadband experience for consumers while roaming within India or globally
through the use of integrated multi-mode devices. Qualcomm will continue to
play a central role in the LTE ecosystem with a focus on enabling the
creation of devices and services best suited for the Indian market.
“Qualcomm innovations helped trigger the wireless revolution in India by
making mobile communications affordable and accessible,” said Dr. Paul E.
Jacobs, chairman and chief executive officer of Qualcomm. “Along with our
ecosystem partners, we are now poised to accelerate the mobile broadband
revolution with 3G HSPA, EV-DO and LTE to the benefit of all Indians.”
“Qualcomm congratulates the Indian government on the successful
completion of the 3G and BWA auctions and is pleased with the opportunity to
now enable the entire addressable market in India with its advanced wireless
solutions. LTE offers a seamless consumer experience by complementing 3G HSPA
and EV-DO networks, protecting the significant investment Indian operators
have made in securing 3G and BWA spectrum,” said Kanwalinder Singh, president
of Qualcomm India and South Asia, and senior vice-president of Qualcomm. “Our
bidding objective was to secure an enabling role in the continued success of
Indian operators with 3G and beyond, and we are extremely gratified we met
that objective. With its ecosystem partners, Qualcomm will now foster the
deployment of LTE, so Indian consumers can enjoy the benefits of 3G now and
3G plus LTE in the future.”
Qualcomm anticipates the Government of India formally approving results
of the BWA Auction shortly. Qualcomm will soon announce its Indian partners
in compliance with the applicable Indian Foreign Direct Investment
regulations. The Company and its partners will work towards demonstrating LTE
technology with the goal of creating LTE infrastructure and device ecosystem
that, in concert with 3G networks and devices, will support India’s broadband
goals. Qualcomm and its partners will decide the venture’s strategy in due
course. Qualcomm’s goal is to attract one or more experienced 3G HSPA and/or
EV-DO operator partners into the venture for construction of an LTE network
in compliance with the Indian Government’s rollout requirement for the BWA
spectrum, and then to exit the venture.
LTE has strong and growing industry support, with commitments from global
ecosystem partners, including operators, chipset vendors and equipment
suppliers. Eighty operators have made firm commitments to deploy LTE networks
in 33 countries, and 22 LTE networks are expected to be in service by the end
of 2010, according to GSA. Leading operators worldwide are committed to a
complementary 3G and LTE strategy.
Qualcomm Incorporated (Nasdaq: QCOM) is a leader in developing and
delivering innovative digital wireless communications products and services
based on CDMA and other advanced technologies. Headquartered in San Diego,
Calif., Qualcomm is included in the S&P 100 Index, the S&P 500 Index and is a
2010 FORTUNE 500(R) company. For more information, please visit
www.qualcomm.com.
Except for the historical information contained herein, this news release
contains forward-looking statements that are subject to risks and
uncertainties, including the Company’s ability to successfully accelerate
India’s mobile broadband growth through the deployment of LTE in India, the
speed by which and the extent the LTE ecosystem develops, the Company’s
ability to successfully design and have manufactured significant quantities
of 3G/LTE multi-mode chipsets on a timely and profitable basis, the Company’s
ability to successfully and timely engage Indian partners on commercially
satisfactory terms in order for the subject venture to be in compliance with
applicable Indian Foreign Direct Investment regulations, the venture’s
ability to timely and successfully develop and execute its strategy, the
venture’s ability to timely satisfy the Indian Government’s rollout
requirements, the Company’s ability to exit the venture on a timely basis on
satisfactory terms and conditions, and change in economic conditions of the
various markets the Company serves, as well as the other risks detailed from
time to time in the Company’s SEC reports, including the report on Form 10-K
for the year ended September 27, 2009, and most recent Form 10-Q. The Company
undertakes no obligation to update, or continue to provide information with
respect to, any forward-looking statement or risk factor, whether as a result
of new information, future events or otherwise.