Bharti Airtel, the u . s .’s biggest cellular operator, on Wednesday received wireless broadband company Augere’s India operations, a flow that will assist the company to enhance its 4G presence within the u . s ..
The organization did no longer reveal the price of the deal.
With this acquisition, Bharti Airtel’s 4G offerings will now be available in over 300 towns and cities.
Augere wireless holds 20 MHz of spectrum in 2300 MHz band used for 4G offerings inside the telecom circle of Madhya Pradesh and Chhattisgarh (MPCG).
Bharti Airtel said in a announcement that “it has signed a definitive settlement to collect 100 according to cent fairness stake in Augere wi-fi Broadband India Pvt Ltd”.
“Upon acquisition, Augere turns into an entirely-owned subsidiary of Airtel. the acquisition is issue to vital statutory and regulatory approvals,” it brought.
earlier this month, Bharti Airtel introduced industrial release of 4G services in 296 towns across India after checking out the marketplace in pick towns. The telecom corporation had released the primary 4G network in Kolkata in April 2012.
Augere, hooked up in September 2007, launched broadband services below the Qubee emblem in Pakistan in July 2009.
This changed into carefully observed by way of release in Bangladesh in October 2009.
in keeping with Augere’s website, the company has licences to function broadband wireless networks in Madhya Pradesh and Chhattisgarh in India but did no longer launch services, although it has examined a pilot wireless network primarily based on LTE technology in Madhya Pradesh.
meanwhile, Airtel in 2013 had received whole stake in wireless commercial enterprise offerings (WBSPL), a enterprise based with the aid of US chip maker Qualcomm, which has 2300 MHz spectrum in Delhi, Mumbai, Kerala and Haryana.
Airtel had sold similar spectrum in Punjab, Maharashtra, Kolkata and Karnataka in 2010 auctions.
stocks in Bharti Airtel, on Wednesday, ended over 2 according to cent lower at Rs 339.seventy five apiece at the BSE.