Bharti Airtel to buy Tikona's 4G business for $244 million

(Reuters) - Telecommunications company Bharti Airtel said it would buy internet services provider Tikona Digital Networks' 4G business in a deal worth 16 billion rupees ($244.20 million).

The deal includes acquisition of Tikona's Broadband Wireless Access spectrum and 350 sites in five telecom circles, Airtel said in an exchange filing. (http://bit.ly/2o81hpk)

($1 = 65.5200 Indian rupees)

(Reporting by Samantha Kareen Nair in Bengaluru; Editing by Biju Dwarakanath)