Bharti Airtel completes 5% stake acquisition in Ericsson's Aduna Global Holding LLC
Bharti Airtel Ltd has announced the successful completion of its acquisition of approximately 5% membership interest in Aduna Global Holding LLC, a venture established by Ericsson in collaboration with global communication service providers.
This follows the company's earlier intimation dated October 31, 2024, regarding its entry into a Membership Interest Purchase Agreement for the stake. Aduna is focused on aggregating and globally selling network Application Programming Interfaces (APIs)—a key area for future telecom innovation.
The completion of this strategic investment marks Bharti Airtel's growing push into next-gen telecom technologies and open network platforms. The deal aims to enhance interoperability and monetization opportunities through standardized API exposure across global networks.
Ericsson also issued a press release confirming the completion of the Aduna transaction.
Disclaimer: This article is for informational purposes only and should not be considered financial or investment advice. Investors are advised to consult certified professionals before making investment decisions.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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