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Bharti Airtel to take control of Qualcomm venture by next year

01 Aug 2013 Evaluate

Bharti Airtel, a leading global telecommunications company is likely to take full control of its broadband venture with Qualcomm in next year. Currently, it has acquired 51% stake in the Qualcomm units, which has spectrum for offering fourth generation-based technology in four circles.

The company has also received an approval for sale/transfer of its Data Centre undertaking (Business) by way of slump sale to its newly incorporated wholly owned subsidiary Nxtra Data. The board of director at its meeting held on July 31, 2013, has approved for the same.

Peers
Company Name CMP
Bharti Airtel 1866.00
Vodafone Idea 14.10
Indus Towers 384.00
Tata Communications 1772.80
Railtel Corp. India 264.85
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