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Govt not to intervene in Qualcomm BWA sale

Last Updated 31 October 2010, 16:16 IST

Asked whether the telecom department will look into the matter, DoT Secretary R Chandrasekhar on the sidelines of PanIIT event said, “No, not unless there is any infringement. We will not look into the matter, unless any infringement is brought to our notice.”

There are reports that Qualcomm, which has bagged BWA spectrum in four circles, was planning to monetise the spectrum and sell it to telecom service providers.
Unlike in the telecom sector, there is no lock-in period for BWA licencees and they can sell their business at any time after acquiring licences.

Qualcomm had formed its India unit after its purchase of BWA spectrum in Delhi, Mumbai, Haryana and Kerala for Rs 4,912.54 crore.

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(Published 31 October 2010, 16:16 IST)

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