If reports are to be believed, Bharti Airtel is set to buy Qualcomm’s broadband wireless licences in India for US$1.2billion. Previously, it was suggested that Qualcomm was looking for US$1.1 billion to sell its 74 percent stake in the business, having brought in local partners Global Holdings and Tulip Telecom during 2010 in a US$58 million deal.
Qualcomm was awarded one slot of 20MHz TDD BWA spectrum in the 2.3GHz band covering the key telecom circles of Delhi, Mumbai, Haryana and Kerala, spending more than US$1 billion in a 2010 auction process.
The sale of the licences has been long-anticipated, with the US wireless technology company stating that is has been very transparent†about the fact that it does not want to be an operator its reason for acquiring the business was to promote the use of TD-LTE technology in the country, over the potential rival WiMAX.
