NEW DELHI: Bharti AirtelBSE 0.55 % has bought a 74% stake in Augere Wireless Broadband India, consolidating its 4G footprint ahead of the launch of similar highspeed broadband services by Reliance Jio Infocomm. “Airtel has acquired 74% capital of Augere. With the aforesaid acquisition, Augere has become a subsidiary of Airtel,” the telco said in notice to the BSE on Tuesday. Airtel’s stock ended 1% higher at .`334.45 on the BSE, outpacing the broader markets. The statement came after .. Read more at: http://economictimes.indiatimes.com/articleshow/50368745.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesBharti Airtel acquires 74% stake in Augere to strengthen 4G footprint
Industry: Telecom 2015-12-30
