Qualcomm to sell Indian BWA spectrum?

27 Oct 2010

US-based hardware vendor and chipmaker Qualcomm is reportedly prepared to sell off its Indian wireless broadband subsidiary, according to India’s Economic Times. Having bagged broadband wireless access (BWA) licences for four of India’s 22 telecom circles – Mumbai, Delhi, Haryana and Kerala – in June 2010 for INR49.13 billion (USD1.1 billion), the US company is now seeking a minimum bid of INR50 billion for the concessions. It is believed that Qualcomm has approached a number of the country’s major mobile network operators with a view to selling off 100% stakes in the four spectrum-holding companies, either as altogether or in two separate chunks, with Delhi and Haryana offered as one pair, while Mumbai and Kerala would be offered as a second combination. Further, the report also claims that Qualcomm has informed potential buyers that they would be required to give an undertaking that the spectrum in question would only be used to offer Long Term Evolution-based (LTE-based) services.

India, Qualcomm, Qualcomm (India)