Mumbai: GTL Infrastructure that provides telecom towers on lease to mobile telephony companies, has widened its losses by 82% for the fiscal ended March 31, to R689.73 crore compared with Rs.

New Delhi, May 16: Bharti Airtel is in the final stages of a deal to buy out US chip maker Qualcomm's fourth-generation (4G) licences in India for around Rs 5000 crore.

Bharti Airtel, India's largest mobile phone operator by subscribers, is in advanced talks to buy out stake held by the Indian partners in US-based Qualcomm broadband venture for about Rs5,000 crore and is expected to concluded in the next two weeks.

The buzz in the market is that Reliance Communications (RCom) is close to selling a stake in its tower unit, Reliance Infratel Ltd, and a series of meetings are believed to be scheduled with prospective buyers in the coming weeks.

The BSE Sensex and NSE Nifty closed flat after shedding all its gains in the last couple of hours of trade due to weak European cues.