Qualcomm seals deal with HFCL for CDMA handsets

26 Sep 2006

Indian equipment vendor and telecoms operator Himachal Futuristic Communications Ltd (HFCL) has signed a technology licence agreement with Qualcomm to manufacture and sell CDMA-based mobile and fixed-wireless phones and data cards worldwide. HFCL plans to sell four million CDMA handsets worth between INR6 billion and INR8 billion (USD130 milllion-USD174 million) in domestic and international markets in the next financial year, Managing Director Mahendra Nahata told Reuters. The fast growing Indian market is the site of intense competition between CDMA and GSM-based operators, and Qualcomm hopes the agreement with HFCL will tip the balance in CDMA’s favour. ‘There are currently more than 36 million CDMA subscribers in India and the wireless market has grown ten-fold in less than five years,’ the statement quoted Nahata as saying.

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