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<!-- /* Font Definitions */ @font-face {font-family:Verdana; panose-1:2 11 6 4 3 5 4 4 2 4; mso-font-charset:0; mso-generic-font-family:swiss; mso-font-pitch:variable; mso-font-signature:536871559 0 0 0 415 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman";} p.body, li.body, div.body {mso-style-name:body; mso-margin-top-alt:auto; margin-right:0in; mso-margin-bottom-alt:auto; margin-left:0in; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman";} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.25in 1.0in 1.25in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} --> In order to provide advance broadband wireless services in the country, India's Global Group and Tulip Telecom Limited are possibly going to indulge in US based Qualcomm Inc. However, an official announcement regarding the deal is still to be made. Experts are expecting it to be revealed by Friday.

Qualcomm, a U.S. mobile phone chip maker, recently won bandwidth to offer broadband wireless in four service areas of Delhi, Mumbai, Kerala and Haryana at a cost of more than $1 billion. U.S. firm is in talks with the Global Group the holding company of GTL Ltd. and GTL Infrastructure Ltd. and Tulip Telecom to sell them a 13% stake each for about $50 million each in the venture.

The company has said it will set up a venture in which it will offer an up to 26% stake to one or more local partners and plans to exit the venture after creating a long-term evolution, or LTE, network to roll out broadband wireless access services.