Bharti Airtel, on Thursday said that the merger of Augere Wireless Broadband India Private Limited (Augere), a wholly owned subsidiary into Bharti Airtel Limited (Airtel) has been completed, Airtel said in a BSE filing.
Last year in August, the company had signed a definitive agreement to acquire 100 percent equity stake in Augere.
Augere holds 20 Mhz of spectrum in 2300 Mhz band in Madhya Pradesh service area, which includes Chhattisgarh state, to be used for 4G services. The company had won this spectrum for Rs. 124.66 crore in 2010 but has not rolled out services.
The monthly average mobile data speed recently published by the Telecom Regulatory Authority of India showed that the download speed on Airtel network has almost doubled in January to 8.42 mbps from 4.68 mbps.