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Bharti Airtel raises stake in Qualcomm's India venture

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Reuters NEW DELHI

NEW DELHI (Reuters) - 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.

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.

(Reporting by Devidutta Tripathy; Editing by Anupama Dwivedi)

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First Published: Jul 04 2013 | 11:51 AM IST

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