According to newspaper reports, Shyam Telecom is to place equity with Qualcomm and Cincom Systems. While Qualcomm is a leader in CDMA technology, Cincom is involved in developing telecom software. The investment is likely to amount to US$ 10 m each.
Shyam Telecom is engaged in the manufacture of wireless telecom equipment. The company has been focussing on research and development and is also venturing into software related activities.
The alliance with Qualcomm and Cincom will give Shyam Telecom access to cutting edge technology in telecom hardware and software. In view of the large-scale investments that are likely to take place in the domestic telecom markets, the company’s move seems well timed.
Shyam Tele will also benefit from enhanced credibility by virtue of these agreements. This will help the company in securing contracts from telecom companies, most of which have international affiliations. The inflow of funds into the company (US$ 20 m) will help it in funding its research initiatives.
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