Tulip Telecom partners with Wireless Services for a BWA venture
Tulip Telecom has entered into a strategic partnership with Wireless Services, which is Qualcomm Incorporated’s subsidiary, for a Broadband Wireless Access (BWA) venture.Tulip’s investment in this venture for the 13% stake will be approximately Rs 1,40 crore
As per Indian Indian Foreign Direct Investment (FDI) regulations, Qualcomm will have a 74% stake in the venture, while Tulip and Global Holding Corporation will hold 13% each.
Tulip Telecom is a data telecom service and IT solutions provider. The company offers an innovative IP based infrastructural solutions to its customers.
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