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March 6, 2002 | 1745 IST
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Money > Business Headlines > Report March 6, 2002 | 1745 IST |
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Qualcomm invests $200 million in Reliance CommunicationsUS telecom equipment maker Qualcomm on Wednesday announced that it will invest $200 million to pick up a four per cent stake in Reliance Communications Ltd. ''The investment will support the introduction of next generation code division multiple access wireless technology and handsets by RCL,'' chairman of the board and ceo, Dr Irwin Mark Jacobs said at a press meet in New Delhi. RCL proposes to provide limited mobility wireless service by deploying advanced CDMA 2000 1x technology during this year. RCL will also introduce CDMA handsets in India. Dr Jacobs also said the company has set aside $1-5 million for the development of software and equipments makers in India. ''The CDMA technology is expanding rapidly in India and we plan to re-enter this business by the end of this year'', Dr Jacobs said. Dr Jacobs who is the co-founder of Qualcomm said that the company also plans to set aside $20 million for research and development activities in India. CDMA, Dr Jacobs, said, has several advantages over the largely used GSM or global system of mobiles. CDMA supports both voice and data services and provides many performance advantages over other technologies. It provides twice the capacity of GSM, helping to accomodate the continuing growth of voice services as well as new wireless Internet services. CDMA also provides peak data rates of up to 135 kbps and 307 kbps in the future without sacrificing voice capacity for data capabilities. Dr Jacobs said roaming between GSM and CDMA wireless network has also become possible. The first such move has been already made between global roaming forum, a Korean CDMA operator and French GSM 1800 network operator Bouygues Telecom. The biggest revenue stream of the future remains voice and data only comes next, Dr Jacobs added. UNI YOU MAY ALSO WANT TO READ:
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