Bharti Airtel raises stake in Qualcomm's India venture

Says four entities part of the venture are now its subsidiaries

Reuters New Delhi
Last Updated : Jul 04 2013 | 12:04 PM IST
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.
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First Published: Jul 04 2013 | 11:58 AM IST

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