Qualcomm to acquire Qualphone for $18 million

Qualcomm to acquire Qualphone for $18 million

US based mobile telecom company Qualcomm has said that they are acquiring privately held wireless technology developer Qualphone Inc for $18 million.

The deal would be conducted in a cash only transaction and would help Qualcomm in this market.

The company is basically involved in development of mobile phone technologies and licenses their technologies to mobile phone makers and service providers around the world.

This deal would help Qualcomm to enable integrated features such as photography and video for phones that have high-speed wireless links to the Internet.

Qualcomm added that they expect this deal to be closed by the end of the month.