Bharti Airtel may buy Qualcomm's BWA biz; stock up

BhartiAirtel is likely to buy yet-to-be-launched Indian wireless broadband business ofQualcomm, industry sources said. The US-based chip maker is set to be indiscussions with the country's largest telecom operator to sell its BWA licencesin all four circles, sources told ET NOW.

The valuation of the dealis likely to be around $1.2-1.3 billion, with a premium of 25-30%. Qualcomm hasbroadband wireless licences in four circles of Mumbai, Delhi, Kerala and Haryanaand had paid $1.05 billion for these permits and airwaves.

At 10:50am, the stock was trading at Rs 319.55, up 0.49 per cent. The stock touched ahigh of Rs 323.50 and a low of Rs 318.10.

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Bharti Airtel may buy Qualcomm's BWA biz