Bharti Airtel raises stake in Qualcomm's India venture

Says four entities part of the venture are now its subsidiaries

Bharti Airtel, India's largest telecommunications carrier, has raised its stake to 51% in a wireless broadband venture founded by Qualcomm Inc, the Indian company said on Thursday.

Bharti Airtel, which last year agreed to buy a 49% stake in Qualcomm's India 4G broadband venture, did not say how much it paid for the additional 2% stake.

Bharti Airtel said the four separate entities that are part of the broadband venture have become its subsidiaries after the stake increase.