Bharti Airtel to buy Tikona 4G business for $244 million

Telecommunications company Bharti Airtel said it would buy internet services provider Tikona Digital Networks' 4G business in a deal worth 16 billion rupees.

A girl checks her mobile phone as she walks past the Bharti Airtel office building in Gurugram. (File Photo | Reuters)

Telecommunications company Bharti Airtel said it would buy internet services provider Tikona Digital Networks' 4G business in a deal worth 16 billion rupees ($244.20 million).

The deal includes acquisition of Tikona's Broadband Wireless Access spectrum and 350 sites in five telecom circles, Airtel said in an exchange filing.