Bharti Airtel raises stake in Qualcomm India's broadband entities

New Delhi, July 4 (IANS) Telecom service provider Bharti Airtel has raised its stake to 51 percent in the Indian broadband venture of Qualcomm, the company said in a statement here Thursday.

"...it has subscribed to an additional 2 percent equity share capital in all the four India BWA (broadband wireless access) entities of Qualcomm. With this, all four entities are now subsidiaries of Bharti Airtel," the statement said.

On May 24, 2012 Bharti Airtel and Qualcomm had announced an agreement under which Bharti Airtel had acquired 49 percent interest in Qualcom's India entities that hold BWA licences in Delhi and Mumbai, as well as in Haryana and Kerala.

Bharti Airtel is a leading global telecommunications service provider with operations in 20 countries across Asia and Africa.

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