Comments
Bharti Airtel will take full control of its broadband venture with Qualcomm next year. The company has already acquired 51 per cent stake in the Qualcomm units, which has spectrum for offering fourth generation-based technology in four circles.
The board of directors of Bharti Airtel has also approved the sale of its data centre undertaking by way of slump sale to its newly incorporated wholly owned subsidiary Nxtra Data Ltd.
The above is subject to shareholder approval. The company will look to dilute stake in the data centre business and will approach other telecom companies.
Airtel has already hived off its fixed line business into a separate entity with the objectives of creating joint venture with other telecom companies.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.