Bharti Airtel to buy Augere Wireless

Bharti Airtel on Wednesday announced its deal to buy 100 per cent equity stake in Augere Wireless Broadband India, reports Telecom Lead.
The Indian telecom service provider did not share financial details of the deal.
Augere Wireless, which earlier tied up with telecom network vendor Ericsson for launching 4G LTE services, holds 20 MHz of BWA spectrum in the telecom circle of Madhya Pradesh and Chhattisgarh (MPCG). Augere Wireless did not go ahead with the broadband plans in India due to regulatory issues and technology related challenges.
“Upon acquisition, Augere will become a wholly owned subsidiary of Airtel. The acquisition is subject to necessary statutory and regulatory approvals,” said Bharti Airtel in a statement.

Bharti Airtel to buy Augere Wireless

Bharti Airtel on Wednesday announced its deal to buy 100 per cent equity stake in Augere Wireless Broadband India, reports Telecom Lead. The Indian telecom service provider did not share financial details of the deal. Augere Wireless, which earlier tied up with telecom network vendor Ericsson for launching 4G LTE services, holds 20 MHz of BWA spectrum in the telecom circle of Madhya Pradesh and Chhattisgarh (MPCG). Augere Wireless did not go ahead with the broadband plans in India due to regulatory issues and technology related challenges. Upon acquisition, Augere will become a wholly owned subsidiary of Airtel. The acquisition is subject to necessary statutory and regulatory approvals, said Bharti Airtel in a statement.