Wireless equipment maker Qualcomm is forming a separate company to handle investments in start-up wireless operators.
Qualcomm will establish the spin-off to separate losses made by the start-ups from its own financial results. Although it claims the investment in new companies has not strained its finances yet, Qualcomm admits it is protecting its year end results, expected in September.
The company said it will retain a 20 per cent stake in the spin-off operation. The deal is expected to close by the end of September.
Wikileaks Vault 7 suspect Joshua Schulte fingered by FBI after re-using smartphone passwords on his PCs
Joshua Schulte indicted on 13 counts relating to Vault 7 leaks and trading in images of child abuse
Alexa for Hospitality will link with existing systems so guests can order room service and control the air con
Massive volcanic eruptions could have warmed Mars' surface sufficiently for oceans to form
Examination of fruit flies' brains generated more than one billion data points for scientists to analyse