Bharti Airtel announced a new corporate structure in order to sharpen the focus of the company in driving the digital opportunity in India.
Airtel Digital will be a part of Bharti Airtel. This will 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.
Airtel Limited – a new subsidiary of Bharti Airtel, will house connectivity businesses. Bharti Telemedia, the DTH services, will be part of Airtel Limited.
The company has moved the government to seek clarity on licensing policy given that telecom and DTH is currently being regulated and managed under two separate ministries of Communications and I&B respectively.
Airtel Payments Bank will remain a separate entity under Bharti Airtel.
Infrastructure businesses such as Nxtra and Indus Towers will continue to remain in separate entities as they are currently.
Sunil Bharti Mittal, chairman of Bharti Airtel said: “The new structure sets the exciting future course for Bharti Airtel and provides focus on the four distinct businesses – Digital, India, International and Infrastructure.”