Bharti Airtel subscribes to an additional 2% stake in Qualcomm’s India BWA entities are now subsidiaries of Bharti Airtel
New Delhi, July 4, 2013: Bharti Airtel, a leading global telecommunications services provider with operations in 20 countries across Asia and Africa, has announced that it has subscribed to an additional 2% equity share capital in all the four India BWA entities of Qualcomm AP. With this all four entities are now subsidiaries of Bharti Airtel.
On May 24, 2012 Bharti Airtel and Qualcomm had announced an agreement under which Bharti had acquired 49% interest in Qualcomm AP’s India entities that hold BWA licences in Delhi, Mumbai, Haryana and Kerala.
About Bharti Airtel:
Bharti Airtel Limited is a leading global telecommunications company with operations in 20 countries across Asia and Africa. Headquartered in New Delhi, India, the company ranks amongst the top 4 mobile service providers globally in terms of subscribers. In India, the company's product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed DSL broadband, IPTV, DTH, enterprise services including national & international long distance services to carriers. In the rest of the geographies, it offers 2G, 3G wireless services and mobile commerce. Bharti Airtel had over 275 million customers across its operations at the end of May 2013. To know more please visit, www.airtel.com