Airtel May Buy Broadband Wireless Business (BWA) of Qualcomm

Airtel is likely to buy yet-to-be-launched Indian wireless broadband business of Qualcomm. Qualcomm is set to be in discussions with the country’s largest telecom operator to sell its BWA licences in all four circles. The deal is expected to be valued around $1.2-1.3 billion, with a premium of 25-30%. ET reports.

Qualcomm has broadband wireless licences in four circles of Mumbai, Delhi, Kerala and Haryana and had paid $1.05 billion for these permits and airwaves.

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