Qualcomm plans massive Indian investment

"Next major market," CEO admits...

Qualcomm is poised to unveil a multi-million dollar investment in Indian telecoms company Reliance on Thursday. The wireless technology giant's CEO Irwin Jacobs is expected to announce the deal in Bombay on Thursday, sources close to the deal have told Reuters. Jacobs declined to comment when pressed by reporters but admitted he saw India as the "next major market". Details of the deal are thin on the ground, although one source claimed the US company is planning to invest $200m for a small stake in Reliance.