Airtel In Talks To Buy This Leading Wireless Company to Expand its 4G Services

Posted By: Gizbot Bureau

    Telecom major Airtel is all set to buy out Augere Wireless -- 4G spectrum holder company in Madhya Pradesh circle -- for about Rs 150 crore. "Airtel and Augere Wireless are in advance stage for the deal.

    Airtel In Talks To Buy This Leading Wireless Company

    Augere was looking for exit and Airtel wants to expand its holdings," an industry source privy to the deal said. Airtel declined to comment on the deal, while Augere did not respond to the query sent.

    Recommended: Top 20 Smartphones Which Got Launched In May 2015

    Airtel is building capacity to be aggressive on 4G services. In March spectrum auction, Airtel build pan-India capability for 4G services.

    Airtel In Talks To Buy This Leading Wireless Company

    This acquisition will give Airtel hold of additional 20 Mhz broadband wireless spectrum which Augere acquired for Rs 124.66 crore. "Airtel is aggressively building its 4G capacity and this deal will show it.

    Recommended: 10 Best Smartphones To Buy in India for the month of June 2015

    The company is paying about 20 per cent higher price for BWA spectrum which has lost 5 years of its validity period and can be used for another 15 years," the source said.

    Airtel In Talks To Buy This Leading Wireless Company

    Augere has till date done only testing of 4G service but is has not started commercial operations yet. As per the licensing agreement, August 31, 2015 is the deadline for all companies which won BWA spectrum in 2010, including Augere, to roll out the services in at least 90 per cent of the service areas, failing which the Department of Telecom will have the right to withdraw the radiowaves.

    Source: PTI

    Read More About: walmart facebook apple news

    Stay updated with latest technology news & gadget reviews - Gizbot

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more