With this acquisition, Bharti Airtel’s 4G services will now be available in over 300 cities and towns
The country’s largest telecom operator, Bharti Airtel, on Wednesday acquired wireless broadband firm Augere’s India operations, a move that will help it augment its 4G presence in the country. The company did not disclose the deal value.
With this acquisition, Bharti Airtel’s 4G services will now be available in over 300 cities and towns. Earlier this month, Bharti Airtel had announced commercial launch of 4G services in 296 towns across India. The company had launched its first 4G network in Kolkata in April 2012.
Augere Wireless holds 20 MHz of spectrum in 2300 MHz band used for 4G services in the telecom circle of Madhya Pradesh and Chhattisgarh.
Bharti Airtel said in a statement that it has signed a definitive agreement to acquire 100% equity stake in Augere Wireless Broadband India Pvt Ltd.
“Upon acquisition, Augere will become a wholly-owned subsidiary of Airtel. The acquisition is subject to necessary statutory and regulatory approvals,” the company said.
Before Augere, Bharti Airtel had in 2013 acquired complete stake in Wireless Business Services (WBSPL), a company founded by US chip maker Qualcomm, which had 2300 MHz spectrum in Delhi, Mumbai, Kerala and Haryana. Bharti Airtel, Augere and Qualcomm had all won 4G airwaves in an auction held in May-June 2010.
Airtel had bought 4G spectrum in Kolkata, Karnataka, Maharashtra and Punjab in May-June 2010 auctions.
Augere India had not launched services commercially so far.