Bharti Airtel has signed an agreement with Qualcomm, under which, Bharti has made an initial investment of approximately $165 million ( Rs 927.39 crore approx ) to acquire 49% interest in Qualcomm's India entities that hold BWA/4G licenses in Delhi, Mumbai, Haryana and Kerala. The deal is partly by way of acquisition of 26% equity interest, equally held by Global Holding Corporation Private Limited and Tulip Telecom Limited, and the balance by way of subscription of fresh equity in Qualcomm's entities. The agreement contemplates that after the launch of the commercial operations, subject to certain terms and conditions, Bharti would assume complete ownership and financial responsibility for the BWA entities by the end of 2014.