Qualcomm Partner May Sell India Venture Stake, Chronicle Says

Qualcomm Inc.’s proposed exit from its India broadband venture may prompt one of the venture partners to sell its investment, the Financial Chronicle reported, citing an unidentified official.

Tulip Telecom Ltd., which holds a 13 percent stake, is likely to sell out once Qualcomm, which holds the majority 74 percent stake in the joint venture, exits, the newspaper reported.

To contact the reporter on this story: Madelene Pearson in Mumbai at mpearson1@bloomberg.net

To contact the editor responsible for this story: Margo Towie at mtowie@bloomberg.net

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