Bharti Airtel, Asia's leading integrated telecom services provider on Friday said that it has hiked its stake in Bharti Hexacom to 70 per cent by acquiring 1.1 per cent from a Kuwait-based firm.

Under the deal, Bharti Airtel Ltd has acquired 1.11 per cent stake, or 2,780,306 equity shares, in Bharti Hexacom Ltd from Mobile Telecommunications Co, KSC, Kuwait.

With this latest acquisition, the company's shareholding in Bharti Hexacom stands higher at 70 per cent from 68.89 per cent.

Bharti Hexacom, Ltd, which operates as a subsidiary of Bharti Cellular Limited, offers cellular services in Rajasthan. The company was formerly known as Hexacom India Ltd.