Largest Indian 4G network provider, Bharti Airtel has today announced the acquisition of Augere Wireless. With the deal, Airtel now owns 74 per cent stakes in Madhya Pradesh based wireless company. Augere Wireless offers 4G network services in the state.
The network carrier company, Airtel has not disclosed any financial details about the deal, but it has informed Bombay Stock Exchange about the acquisition deal. Augere has been operating in Madhya Pradesh and Chhattisgarh, but the company doesn’t provide its services to rest of India. It also provides wireless services in Pakistan and Bangladesh.
Currently, Augere has a capacity of 20 MHz with a spectrum of 2.3 GHz in Madhya Pradesh and Chhattisgarh for using it for 4G services in these areas. The company won the spectrum for Rs. 124.55 Crore back in 2010, but it has not rolled out the services as of yet.
The company had launched its first commercial wireless network in Pakistan in July 2009 under the name of Qubee brand. Then it launched it in Bangladesh in October 2009. As of now, the company operates wireless networks that compromise more than 800 radio base stations.
Augere Wireless is not the only one acquired by Airtel, as the company has also acquire Qualcomm’s India Unit, which had its 4G network in four cities including metros. Currently, the company has its 20 MHz with 2.3 GHz spectrum band across nine service areas. The company has directly won this spectrum in four areas at the price of Rs. 3,314.36 Crore.
Currently, some other network operators are also rolling out their 4G services. Reliance is establishing their 4G network through Reliance Jio and it had also acquired Infotel Broadband recently. Vodafone is rolling out its services in Kerala.