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[November 06, 2009]

Intel mulls over bidding for stake in ITI's WiMAX JVs

(M&A Navigator Via Acquire Media NewsEdge) US chip maker Intel (NASDAQ:INTC) is planning to bid for a stake in the WiMAX joint ventures to be set up by state-run telecom equipment maker Indian Telecom Industries (ITI), the Business Standard wrote Friday.

According to unidentified sources with knowledge of the matter, ITI will hold a minority 26% stake in the proposed JVs.

Intel is interested in manufacturing the hardware and consumer premise equipment around WiMAX technology, the informed people said.

Country: India Sector: Telecommunications; Computer hardware Type: JV Status: Speculation; Bidding ((Comments on this story may be sent to tww.feedback@m2.com)) (c) 2009 M2 COMMUNICATIONS

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