Bharti Airtel has confirmed that it is to buy a 49% stake in Qualcomm’s Indian wireless broadband units for USD165 million. Bharti will acquire a 26% cent stake from Qualcomm’s local partners Global Holding Corporation and Tulip Telecom and a further 23% directly. In a statement Bharti said the move will give it control of licences allowing it to offer 4G data services in four circles of Delhi, Mumbai, Haryana and Kerala.
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OVETEL Bharti to buy 49% stake in Qualcomm's BWA units
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