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Indian tower and telecom infrastructure company GTL Ltd. is close to an agreement with Qualcomm Inc. of the U.S. to take an up to 26% stake in the latter's proposed broadband wireless access services company, the Business Standard reported on its website Monday, without citing direct sources. The deal is subject to Qualcomm being awarded a pan-India license or a license in some of the 22 circles in the ongoing auction for broadband wireless access spectrum, the website said. […] ICICI Venture plans to raise Rs. 1,000 crore within a month to finance real estate residential projects in six to seven cities. Speaking to reporters on the sidelines of a function to commission the first phase of WaveRock project developed by Tishman Speyer India Pvt. Ltd. in partnership with ICICI Venture at IT SEZ at Nanakramguda here on Tuesday, ICICI Venture President Sanjeev Dasgupta said the fund would be raised from high net worth individuals and projects in the range of Rs. 50-70 crore would be financed. He said the total amount to be raised would include Rs. 500 crore as greenshoe option. Mr. Dasgupta said the returns in three to four years would be around 20 per cent for companies and investors. […] |