In a bid to consolidate its 4G high-speed broadband footprint ahead of Reliance Jio Infocomm’s launch, Bharti Airtel is reportedly in advanced talks to buy out Augere Wireless Broadband India for about Rs 150 crore.
Augere Wireless had won a block of 20 MHz of 4G spectrum (in the 2,300 MHz band) in the Madhya Pradesh-Chhattisgarh circle for Rs 122.46 crore in the 2010 auctions. The company - owned by France Telecom and a clutch of private equity funds such as Harbinger Capital and New Silk Route - initially announced plans of rolling out 4G services in late 2011.
Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.
