Bharti may buy 26% in Qualcomm venture, get a leg-up in BWA space

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US telecom giant Qualcomm Inc will rope in an operator as partner, who would initially pick up the 26 per cent stake held by Tulip Telecom and GTL Group in its India broadband wireless access (BWA) venture. The two hold 13 per cent each in the venture.

Talks with Bharti Airtel as the new partner, in their final stages, are expected to be completed soon as the US company received BWA spectrum in four circles yesterday after more than 18 months of delay and a bitter battle. If everything is on track, sources say Qualcomm Inc expects it would be able to start services within six months.


http://business-standard.com/india/...alcomm-venture-getleg-up-in-bwa-space/473957/
 
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