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Bharti Airtel rating unaffected by Qualcomm deal

Bapun Raz

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Bharti Airtel today announced a Rs 922 crore (USD 165 million) deal with Qualcomm Asia Pacific, a move which will help the country's largest telecom operator establish a stronghold in fast-growing high speed internet services.

Standard & Poor's Ratings Services said today that its long-term corporate credit rating on Bharti Airtel Ltd. (BB+/Stable/--) is unaffected by the company's US$165mn investment for a 49% stake in Qualcomm India BWA, the India broadband wireless business of Qualcomm Inc.

http://www.telecomnewsindia.com/2012/05/bharti-airtel-rating-unaffected-by.html
 
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