Airtel Acquires 100 Percent Stake in Qualcomm Founded WBSPL – 4G Spectrum Holder in Mumbai, Delhi, Kerala and Haryana

India’s largest mobile service provider Bharti Airtel today announced that it has acquired 100 per cent stake in Wireless Business Services (WBSPL), a company founded by US chipmaker Qualcomm which holds 4G BWA Spectrum in  Mumbai, Delhi, Haryana and Kerala circle.

Airtel 4G

Earlier Airtel had acquired a 49% stake in WBSPL (Qualcomm Asia Pacific -India)  in May 2012 for USD 165 million.  WBSPL ( Qualcomm)  has emerged as a successful bidder in the 4 circles – Mumbai, Delhi, Haryana and Kerala of the auction for 4G Broadband Wireless Access (BWA) Spectrum conducted by the DoT in June 2010.

At that price, the additional stake purchase would have cost Airtel an estimated USD 165 million, or Rs 1,008.1 crore at today’s exchange rate.

Airtel has 4G BWA license and spectrum in 4 circles – Kolkata, Karnataka, Maharashtra and Punjab and launched its commercial 4G Broadband services in Kolkata and Bangalore (Karnataka) as we earlier shared on TelecomTalk, now can offer the same 4G BWA services in Mumbai, Delhi, Kerala and Haryana where in Qualcomm holds 4G spectrum and license.

Reported By

Leave a Reply

26 Comments on "Airtel Acquires 100 Percent Stake in Qualcomm Founded WBSPL – 4G Spectrum Holder in Mumbai, Delhi, Kerala and Haryana"

 

Sort by:   newest | oldest

[…] In October last year, Airtel has acquired 100 per cent stake in Wireless Business Services (WBSPL), a company founded by Q…. […]

[…] Karnataka, Punjab and Maharashtra (excluding Mumbai) circles. Additionally, earlier this year, Bharti Airtel acquired 49% stake in Qualcomm AP’s India entities (WBSPL) that hold BWA licen… The company has launched its 4G LTE services in Kolkata, Bengaluru, Pune, Chandigarh, Panchkulaa, […]

Ford
October 23, 2013 3:19 pm 3:19 PM

In an earlier interview to ET, Sunil Mittal, chairman and managing director of Bharti, described 2002 as “a scary 12 months” and that “everybody expected the other side to win.”

Mr. Mittal are you scared for Mr. Ambani ?

wpDiscuz