Logo


CCI approves merger of four BWA entities of Qualcomm-Bharti

While Qualcomm owns 51% stake in each of these four companies, the remaining 49% equity is with Bharti Airtel

The Competition Commission today approved the merger of four broadband wireless business entities jointly owned by US-based telecom giant Qualcomm and domestic major Bharti Airtel. As per the proposed merger, Qualcomm's BWA (Broadband Wireless Access) entities in Delhi, Kerala and Haryana would be merged with Wireless Business Services Pvt Ltd, which was given licenses for BWA (high-speed internet) services in these three states and in Mumbai. While Qualcomm owns 51% stake in each of these four companies, the remaining 49% equity is with Bharti Airtel. The Competition Commission of India ...