Bharti Airtel recently acquired a 100 per cent stake in Wireless Business Services, a company founded by US chipmaker Qualcomm. Subsequent to the acquisition, the company was renamed Airtel Broadband Services.
The JV between the two has won BWA spectrum in Delhi, Mumbai, Haryana and Kerala.
Bharti Airtel Ltd, India's top telecommunications carrier, said on Friday it had bought out Qualcomm Inc's stake from a fourth-generation (4G) broadband joint venture in the country, taking full ownership of the business more than a year earlier than planned.
The DoT has issued long-awaited migration guidelines which pave way for Internet service providers (ISP) like Reliance Jio Infocomm and Tikona, that have BWA spectrum, to offer mobile telephony service by paying an extra fee of Rs 1,658.57 crore (Rs 16.58 billion).
Airtel announced complete acquisition of WBSPL in October last year for an estimated Rs 2,000 crore (Rs 20 billion).
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances