Telecom major Bharti Airtel has acquired the balance 26 per cent stake in Augere Wireless, making it a wholly-owned subsidiary of the company. Airtel had announced acquire 74 per cent stake in Augere Wireless earlier.
- According to sources, the deal size is estimated to be around Rs 150 crore.The company directly won this spectrum in four service areas for Rs 3,314.36 crore.
About Augere Wireless :
- Augere which provide 4G spectrum in Madhya Pradesh and holds 20 Mhz of spectrum in 2300 Mhz band in Madhya Pradesh service area, which includes Chhattisgarh state, to be used for 4G services.
- The company had won this spectrum for Rs 124.66 crore in 2010 but has not rolled out services.
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