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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
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