Bharti Airtel Ltd. on Thursday announced that it bought an additional 2% stake in all the four Indian broadband wireless access (BWA) entities of Qualcomm. They have now become the subsidiaries of the company.

“Bharti Airtel has subscribed to an additional 2 per cent equity share capital in all the four India BWA entities of Qualcomm AP. With this, all four entities are now subsidiaries of Bharti Airtel,” the company said in a statement.

In May 2012 Bharti Airtel and Qualcomm had entered an agreement under which Bharti had acquired 49% interest in Qualcomm AP's India entities that hold BWA licenses in Delhi, Mumbai, Haryana and Kerala.

Following the announcement shares of Bharti Airtel urged 2.34 per cent to touch an early high of Rs 301.15 on the BSE today.

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