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Bharti Airtel acquires remaining 26% stake in Augere

31 Dec 2015 Evaluate

Bharti Airtel has acquired the remaining balance paid up share capital i.e. 26 percent of Augere and with the said acquisition, Augere has become a wholly owned subsidiary of the company. Earlier, the company had acquired 74% capital of Augere Wireless Broadband India. 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 1741.00
Vodafone Idea 12.65
Indus Towers 376.00
Tata Communications 1685.50
Railtel Corp. India 257.20
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