Log in to your IBTimes Account

close
ID
Password
  • Set your IBTimes.com Edition

Intel in talks with India's ITI for jv: report



06 November 2009 @ 09:00 am ET

MUMBAI - Intel , the world's largest chip maker, is planning to participate in bids invited by Indian state-owned telecom equipment maker ITI Ltd to set up joint ventures, the Business Standard reported on Friday.

ITI intends to be a minority partner in the proposed joint ventures with a 26 percent stake according to the bid proposals, the newspaper said.

An Intel spokeswoman said the company did not respond to market speculation or rumors.

The paper said Intel was interested in making the hardware and consumer premise equipment around WiMAX technology, which provides for wireless transmission of data up to 75 megabytes per second.

Though interested parties have been asked to participate before January 29, 2010, the telecoms ministry is holding a pre-bid conference before selecting them, the paper said.

Other global players that have showed interest include Huawei , Alcatel-Lucent , Samsung <005930.KS> and Hitachi <6501.T>, the paper said.

(Reporting by Janaki Krishnan; Editing by Ranjit Gangadharan/John Mair)

Copyright 2009 Thomson Reuters. All rights reserved.

    Click!
  • Rate this article:

Comments

Post Your Comment

*Name


advertisement
More Tech
Students demonstrated at Tehran University against the government of President Mahmoud Ahmadinejad on Monday, a reformist website reported, more than thr...
Norwegian browser maker Opera urged European Union antitrust regulators on Monday not to rush to close its antitrust case against Microsoft before ensuri...
Apple announced Monday that over 2 billion apps have been downloaded from its App Store since the e-commerce site's launch in July 2008, and the pace "co...

advertisement
Advertisement
POS Magnetic Card Readers

Online distributor for point of sale equipment, TYSSO and Pegasus.

 
IBTimes.com Web
Partners
International Business Times© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives