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Bharti Airtel Raises Stake In Qualcomm's India Venture

Bharti Airtel, India's largest telecommunications carrier, has raised its stake to 51 per cent in a wireless broadband venture founded by Qualcomm Inc, the Indian company said on Thursday.

Bharti Airtel, which last year agreed to buy a 49 per cent stake in Qualcomm's India 4G broadband venture, did not say how much it paid for the additional 2 per cent stake.

Read: Bharti To Buy 49% In Qualcomm 4G Venture

Bharti Airtel said the four separate entities that are part of the broadband venture have become its subsidiaries after the stake increase.

(Reuters)


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