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Telecom major Bharti Airtel on Thursday announced it has acquired 100 per cent stake in Wireless Business Services (WBSPL), a company founded by U.S. chipmaker Qualcomm. The company had acquired a 49 per cent stake in WBSPL in May 2012 for $165 million. At that price, the additional stake purchase would have cost Airtel an estimated $165 million, or Rs. 1,008.1 crore at Friday’s exchange rate. However, the company did not disclose the financial details of the deal. In a statement, Airtel said that it has “completed the acquisition of 100 per cent equity shares of Wireless Business Services Private Limited, which holds BWA Spectrum in the Indian telecom circles of Mumbai, Delhi, Haryana and Kerala”. Airtel acquired a majority stake in WBSPL in July by increasing its stake to 51 per cent from 49 per cent. WBSPL has spectrum that can be used for high-speed 4G services in New Delhi, Mumbai, Haryana and Kerala. Airtel has the similar spectrum in Punjab, Maharashtra, Kolkata and Karnataka. Airtel has already launched 4G services in Bangalore, Pune, Kolkata, Chandigarh, Mohali and Panchkula. Shares of Airtel were trading at Rs. 353.80, up by 1.46 per cent, in the afternoon session at BSE.
Airtel services hit in Hyderabad

Airtel services hit in Hyderabad

Cell phones of mobile telephony major, Airtel, in Hyderabad went silent since 6 a.m. on Saturday morning with what was termed a systemic failure of its network. Till around noon, the situation was the same and no Airtel mobile could be accessed. Enquiries revealed that Airtel was doing some system... read more »

AAP ‘B Team’ of BJP: Digvijay

AAP ‘B Team’ of BJP: Digvijay

Aam Aadmi Party is the ‘B Team’ of the Bharatiya Janata Party and the Congress had “chosen a lesser evil” by supporting Arvind Kejriwal in forming the government in Delhi in 2013, Congress leader Digvijay Singh said on Saturday. In a series of tweets, Mr. Singh suggested that his consistent... read more »

Obama cancels Agra leg of visit

Obama cancels Agra leg of visit

The U.S. President, who will be the chief guest at the Republic Day celebrations, was scheduled to visit the Taj Mahal with his wife, Michelle, on January 27. U.S. President Barack Obama has cancelled the Agra leg of his India visit, Agra’s District Magistrate has confirmed. The President,... read more »

Indonesia Search Team to Float AirAsia F...

Indonesia Search Team to Float AirAsia Fuselage

JAKARTA: Indonesian salvage teams launched today an operation to raise the fuselage of AirAsia Flight 8501 from the sea bed as they recovered four more bodies from the wreckage of the crashed jet. The bid came a day after divers were able to enter the main section of the jet, which crashed in the... read more »

CBI chief Ranjit Sinha expresses regret over rape remarks

After 2G case, Supreme Court issues notice to CBI director Ranjit Sinha in coal scam

NEW DELHI: A day after the Supreme Court issued notice to CBI director Ranjit Sinha for allegedly protecting some accused in 2G case, its another bench today sought explanation from the top... read more »

Chinese President to begin India visit from Gujarat

Chinese President Xi Jinping is slated to visit Gujarat on September 17 and would be received by Prime Minister Narendra Modi. Mr. Modi will receive Mr. Xi at the Ahmedabad airport on... read more »

‘God particle’ could demolish the universe, :Hawking

The elusive ‘God particle’ discovered by scientists in 2012 has the potential to destroy the universe, famed British physicist Stephen Hawking has warned. According to Mr. Hawking, 72,... read more »

AAP sting claims BJP leader offered Rs. 4 crore to its MLA

The Aam Aadmi Party on Monday released footage purportedly showing Delhi BJP vice-president Sher Singh Dagar and his close associate Raghubir Dahiya allegedly offering Rs.4 crore and other... read more »

Latest remains of MH17 dupe arrive in Malaysia

Two remains of Malaysian passengers of the airliner that crashed in eastern Ukraine arrived on Tuesday in Kuala Lumpur, Prime Minsiter Najib Razak said. “Today we bring home two more victims of... read more »