Bharti Airtel acquires Augere

Q.  Airtel has acquired which company that has now become its wholly owned subsidiary on 29th December 2015?
- Published on 04 Jan 16

a. Augere
b. Flare
c. Syntere
d. Cyntere

ANSWER: Augere
 
On December 29, 2015, Bharti Airtel has informed the BSE that it has acquired remaining balance paid up share capital of 26% of Augere. With this said acquisition, Augere will become a wholly owned subsidiary of the company. Earlier, Airtel had acquired 74% stake in this wireless company. Augere holds 20 Mhz of spectrum in 2300 Mhz band in Madhya Pradesh service area for 4G services.

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