US developer of advanced mobile technologies and mobile data products Qualcomm has unveiled a commitment to invest EUR 100 million in European companies offering technologies and services that enhance the global wireless communications ecosystem. Qualcomm Ventures’ investment strategy will focus on European small- to medium-sized enterprises (SMEs) and startups which can serve the 3G (WCDMA) business case in Europe. In addition, Qualcomm Ventures will provide these companies with strategic guidance, advice in enhancing and protecting their innovations, support in standardising their technology, and help getting faster access to global markets. The company’s first direct equity investment in Europe is in Streamezzo, provider of rich media solutions, platforms and service for mobile communications.
Wireless Federation » Qualcomm to invest EUR 100 mln in European 3G firms
Qualcomm to invest EUR 100 mln in European 3G firms
- May 26th, 2007
- 7:25 am
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