Bharti Airtel rejigs corporate structure
New Delhi, April 14
Bharti Airtel on Wednesday announced a new corporate structure to sharpen the company’s focus on driving the rapidly-unfolding digital opportunities while enabling it to unlock value. The new structure involves Airtel Digital Limited folding into the listed entity Bharti Airtel.
This will now house all of the digital assets spanning Wynk Music, Airtel X stream, Airtel Thanks, Mitra Payments platform used by a million retailers, Airtel Ads, Airtel IQ, Airtel Secure, Airtel Cloud and all future digital products and services, the company said.
The telecom business will be housed in a newly created entity — Airtel Limited — a wholly-owned subsidiary of Bharti Airtel Limited.
“It is therefore intended to house all the telecom businesses in a newly created entity, Airtel Limited – a wholly-owned subsidiary of Bharti Airtel Limited,” it said.
Bharti Telemedia, the 100% arm operating DTH services, will sit alongside Airtel Limited for now.
“It is intended to eventually fold the DTH business into Airtel Limited to move towards the NDCP vision of converged services to customers,” it added. — PTI
