Bharti Airtel set to acquire Augere Wireless Broadband

| Wednesday, August 26, 2015 - 18:14
First Published |
Bharti- Airtel-acquire-Wireless- broadband-news x

Bharti Airtel:acquire Wireless broadband

New Delhi: Bharti Airtel on Wednesday said it has signed a definitive agreement to acquire 100 percent stake in Augere Wireless Broadband India, which holds 20 MHz of broadband wireless access (BWA) spectrum in the Madhya Pradesh and Chhattisgarh telecom circle.
"Upon acquisition, Augere will become a wholly owned subsidiary of Airtel. The acquisition is subject to necessary statutory and regulatory approvals," Bharti Airtel said in a statement.
The company, however, declined to divulge the amount spent on acquisition.
The BWA technology helps in fourth generation (4G) connectivity. Currently, Bharti Airtel is going all out to expand its 4G footprint in the country.
In the telecom spectrum auction in 2010, Bharti Airtel bought 2300 MHz (meant for 4G connectivity) in Kolkata, Maharashtra, Punjab and Karnataka.
The company has also acquired Qualcomm's BWA licences in Mumbai, Delhi, Haryana, and Kerala circles and with the present acquisition, it can offer 4G services in 2300 MHz in nine circles.
The company's 4G services are now available in over 300 cities and towns.

Download English News App and stay updated with all Latest News.
For News in English, follow us on Google+, Twitter and on Facebook.

Add new comment

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.