Bharti Airtel to buy Alcatel-Lucent stake in India JV

NEW DELHI Tue Feb 5, 2013 3:31am EST

An employee checks a customers' feedback book next to a Bharti Airtel logo inside its shop in Kolkata May 2, 2012. REUTERS/Rupak De Chowdhuri

An employee checks a customers' feedback book next to a Bharti Airtel logo inside its shop in Kolkata May 2, 2012.

Credit: Reuters/Rupak De Chowdhuri

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NEW DELHI (Reuters) - Bharti Airtel Ltd (BRTI.NS) said it would buy the entire equity stake of Alcatel-Lucent SA (ALUA.PA) in a joint venture company that manages the fixed-line and broadband networks for India's top telecommunications carrier.

The companies did not give any financial detail in a joint statement.

Bharti Airtel said the entity would operate independently and going forward it would invite other telecommunications operators for equity participation and bring the management of their broadband and fixed-line networks under the entity.

(Reporting by Devidutta Tripathy; Editing by Anand Basu)

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