Bharti Airtel is a telecoms company operating in and around India. It’s just acquired a 100 percent share in Wireless Business Services, which is Qualcomm’s 4G company.
The outfit originally had a 49 percent stake in the company which it increased to 51 percent. It’s estimated that the total buy out cost $165 million, though the company itself has not released any official figures. A statement from the firm stated that it had “completed the acquisition of 100 per cent equity shares of Wireless Business Services Private Limited, which holds BWA Spectrum in the Indian telecom circles of Mumbai, Delhi, Haryana and Kerala”.
With ownership of WBSPL, Bharti Airtel has access to 4G services in New Delhi, Mumbai, Haryana and Kerala. The company already has services in Bangalore, Pune, Kolkata, Chandigarh, Mohali and Panchkula.
So there you go. You might not have even known that Qualcomm had a 4G company. Well… now they don’t.
Source: NDTV
