Bharti Airtel acquires 74 per cent stake in Augere Wireless

Bharti Airtel has completed the acquisition of 74 per cent stake in Augere Wireless Broadband India. The operator had announced its decision to acquire Augere Wireless in August 2015. The same was approved by its board of directors in October 2015. With the acquisition, Bharti Airtel has secured the right to use Augure Wireless Broadband’s 20 MHz of broadband wireless access spectrum in the 2300 MHz band in the Madhya Pradesh circle. Augere had bought this spectrum in 2010 for an estimated Rs 1.22 billion.


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