ihave, Re:”Does that mean we've had to fund (is that loans or cold cash) Ericsson to the tune of $300M a quarter for the handset/infrastructure spin off? For how long did we do that? Do we get paid back?”
It is my understanding that when the Q sold the infrastructure div to ERICY part of the agreement was to share in the vendor financing mainly with Pegasso deployments should ERICY win the contracts for such. Qualcomm lists these as “unfunded commitments” and reports such to its shareholders regularly. To my knowledge there has not been much of a requirement in this area recently as Pegasso has been sold and their future expansion will be with GSM (for what ever reason). Qualcomm’s commitment with ERICY was only for CDMA infrastructure funding, and that requirement terminates this November.
I don’t recall the amount or length of terms of the various vendor financing loans to date, or if they were paid in full at the time of the Pegasso sale. If they have not been paid in full, I would assume that the terms of the sale required such.
Hope this helps- jim
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