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Bharti Airtel acquires 74% stake in Augere

30 Dec 2015 Evaluate

Bharti Airtel has acquired 74% capital of Augere Wireless Broadband India pursuant to which Augere has become a subsidiary of the company. This is in line with the country’s largest telecom provider’s earlier announcement to acquire Augere that will allow Airtel take its 4G operations to nine circles.

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.


Peers
Company Name CMP
Bharti Airtel 1830.00
Vodafone Idea 13.84
Indus Towers 377.50
Tata Communications 1732.70
Railtel Corp. India 260.40
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