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Qualcomm’s application for merging subsidiaries invalidated, must try again

By  |  June 10, 2012
Qualcomm’s application for merging subsidiaries invalidated, must try again

The Competition Commission of India (CCI) has ordered Qualcomm to apply again for clearance to merge its four broadband subsidiaries into Qualcomm Asia Pacific. Qualcomm’s current application is no longer valid since Bharti Airtel acquired a 49 percent stake in Qualcomm’s 4G business in India on May 29. Bharti will buy out Tulip Telecom and Global Holding, who previously held 26 percent in the subsidiaries, and acquire 23 percent from Qualcomm’s share.

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    The four subsidiaries are Wireless Business Service, Wireless Broadband Business Service, Kerala and Wireless Broadband Business Service, Haryana.

    Full content: The Hindu Business Line

     

    Related content: India’s New Antitrust Regime (Aditya Bhattacharjea, University of Delhi)

     

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