Telecom major Bharti Airtel acquired an additional 2 per cent stake in all the four Indian broadband wireless access (BWA) entities of Qualcomm, thereby making them its subsidiaries.
“Bharti Airtel has subscribed to an additional 2 per cent equity share capital in all the four India BWA entities of Qualcomm AP. With this, all four entities are now subsidiaries of Bharti Airtel,” the company said in a statement.
On May 24, 2012, Bharti Airtel and Qualcomm had announced an agreement under which Bharti had acquired 49 per cent interest in Qualcomm AP's India entities with licences to offer 4G data services in four circles of Delhi, Mumbai, Haryana and Kerala.