Last Updated : Jul 04, 2013 08:40 PM IST | Source: Reuters

Bharti Airtel raises stake in Qualcomm's India venture

India's largest telecom company raises its stake to 51 percent in Qualcomm Inc.

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Bharti Airtel, India's largest telecommunications carrier, has raised its stake to 51 percent in a wireless broadband venture founded by Qualcomm Inc , the Indian company said on Thursday.

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Bharti Airtel, which last year agreed to buy a 49 percent stake in Qualcomm's India 4G broadband venture, did not say how much it paid for the additional 2 percent stake.

Bharti Airtel said the four separate entities that are part of the broadband venture have become its subsidiaries after the stake increase.

First Published on Jul 4, 2013 12:42 pm
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