Top
Millennium Post

Qualcomm 4G arm merger may cost Airtel Rs 436-cr fees

Telecom major Bharti Airtel may have to cough up Rs 436 crore for merging Airtel Broadband Services with itself towards differential spectrum cost and migration fee, the Department of Telecom (DoT) sources said.

Airtel Broadband Services (ABS), formerly Wireless Business Services Private Limited — a telecom company founded US chip maker Qualcomm — was acquired by Airtel last year.

The Department of Telecom sources said the 2013 deal is resulting in a merger which is leading to migration of a licence meant for only internet services to another type of permit that allows use of spectrum for all kinds of telecom services and not just internet.

ABS holds broadband wireless access spectrum in four service areas — Delhi, Mumbai, Kerala and Haryana— that can be used for 4G services. The company has internet service provider licence.
Next Story
Share it