Qualcomm, the US-based chip maker, plans to divest an over 50 per cent stake in its BWA venture. Initially, the company intends to divest a 26 per cent stake and in the second phase, it will dilute another 26 per cent to a local or foreign partner. The first deal is likely to be finalised by July 2010. According to industry sources, it will divest a 13 per cent stake to the Global Holding Corporation, the holding company of GTL Infrastructure, and another 13 per cent to Tulip Telecom under the first phase.
