Bharti Airtel Subscribes To An Additional 2% Stake In Qualcomm’s India BWA Entities

Entities Are Now Subsidiaries Of Bharti Airtel
By Uche Peter
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New Delhi, July 4, 2013: Bharti Airtel, a leading global telecommunications services provider with operations in 20 countries across Asia and Africa, has announced that it has subscribed to an additional 2% equity share capital in all the four India BWA entities of Qualcomm AP. With this all four entities are now subsidiaries of Bharti Airtel.

On May 24, 2012 Bharti Airtel and Qualcomm had announced an agreement under which Bharti had acquired 49% interest in Qualcomm AP's India entities that hold BWA licences in Delhi, Mumbai, Haryana and Kerala.