Airtel announced that they have acquired 100% stake in Qualcomm Inc’s 4G venture. Airtel increased its stake to 51% from 49% back in July, which it acquired back in May 2012 by paying US$ 165 million (Rs 927.39 crore approx). Qualcomm won BWA Spectrum in Delhi, Mumbai, Haryana and Kerala circles in 2010 by paying about US$ 1 billion (Rs. 4912.54 crore approx) in the auction by DoT in June 2010 Department of Telecom (DoT). Continue reading “Airtel acquires 100% stake in Qualcomm’s 4G venture”
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