BHARTI AIRTEL IS PLANNING TO BUY 4G LICENCES FROM QUALCOMM @ 6000 CRORE. THE US CHIP MAKER(QUALCOMM) IS IN FINAL TALKS WITH BHARTI AIRTEL IN ORDER TO SELL ITS 74% STAKE OF 4G LICENCES TO AIRTEL. QUALCOMM HAS BOUGHT 4G LICENCES FOR FOUR CITIES DELHI,MUMBAI,KERELA,HARYANA IN BROADBAND WIRELESS AUCTION IN THE YEAR 2010 FOR RS 4900 CRORE.
THIS JV BETWEEN BHARTI AIRTEL AND QUALCOMM WILL GIVE AIRTEL FIRST MOVER ADVANTAGE TO LAUNCH 4G SERVICE IN INDIA(DELHI&MUMBAI), THE DEAL BETWEEN THEM IS TO BE CLOSED IN JUNE. BHRATI AIRTEL IS BUYING ITS 4G LICENCES FOR ABOUT 6000 CRORE.
4G SERVICES OFFER USERS TO ACCESS INTERNET BASED SERVICES AT 3 TIMES THE SPEED OF 3G AND IT REQUIRE A BROADBAND AIRWAVES(QUALCOMM HAVING)
A BHARTI AIRTEL SPOKESMAN SAID THE COMPANY DID NOT COMMENT ON MARKET SPECULATION WHILE EMAILS TO THE US COMPANY WENT UNANSWERED. "THE SALE IS QUALCOMM'S DECISION, WE ARE NOT INVOLVED AT THIS POINT," SAID HS BEDI, CHAIRMAN AND MANAGING DIRECTOR OF TULIP TELECOM, ONE OF QUALCOMM'S TWO JV PARTNERS IN INDIA.
Airtel plans to launch 4G services in Bangalore in the next 30 days, followed soon by Pune
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