Qualcomm

Airtel May Have to Pay Rs 436-cr for Merging Qualcomm 4G Arm

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Bharti Airtel, India’s No. 1 carrier, may have to pay Rs 436 crore for merging its subsidiary Airtel Broadband Services Pvt Ltd (ABSPL) with itself, as it would mean a change in permits from that of an internet provider to a unified license.

According to an internal note of the telecom department (DoT), Airtel will have to pay the fee for merger since ABSPL had an internet service provider’s (ISP) licence to provide wireless broadband but merging it with a unified licence (UL) holder will allow the company to provide all kinds of wireless telephony using the 4G spectrum, and not just internet. Original post ET Telecom

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Wahengbam Rorrkychand

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