Bharti Airtel buys 49% stake in Qualcomm for $165 mn

May 24, 2012 16:25

Bharti Airtel, India's biggest telecom services operator, said today that it had signed a pact to buy a 49 per cent stake in Qualcomm's fourth-generation (4G) broadband venture in the country for $165 million.Bharti will buy a 26 per cent stake held by two Indian partners in the Qualcomm broadband venture and the remaining by subscribing to fresh equity, the company said in statement, sending its shares up as much 6.9 per cent.

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