Qualcomm to Power Nokia in India

Missed this article last week due to the CTIA feeding frenzy, but The Financial Express of India picks up a Bloomberg article that reports Nokia is close to signing a deal to "sell an inexpensive handset in India that uses a chipset from Qualcomm."

According to Mike Thelander at Signals Research, Nokia is working with Taiwanese handset maker Foxconn International to make phones that sell for less than $50. This could be a boon for Qualcomm which has had a tough time getting in the door at Nokia. Thelander said, "It's meaningful. It's good for Nokia, too, in that they don't have anything at the entry level in India. Their phones are popular at the mid-tier and above” in the CDMA market.