Bharti Airtel on Wednesday announced a new corporate structure to “focus on digital”.
“The new structure envisages folding in Airtel Digital Limited’s listed entity, Bharti Airtel,” the company said in a statement.
“Later now Wynk Music, Airtel X stream, Airtel Thanks, Mitra Payments platform will house all digital assets utilizing one lakh retailers, Airtel Ads, Airtel IQ, Airtel Secure, Airtel Cloud and all other digital products and services , “The company added.
The telecom firm said that it aims to move towards NDPC, a wholly owned subsidiary of Airtel Limited – Bharti Airtel Limited. [National Digital Communications Policy] The vision of convergence services for customers, it said.
The company said that it had moved the government to bring clarity on the licensing policy, which was given to the car i.e. telecom and DTH, it was currently being regulated and two separate ministries Communications and I&B respectively. Was being managed under
Airtel Payments Bank will remain a separate entity under Bharti Airtel. All of the company’s infrastructure businesses such as Nxtra and Indus Towers and international subsidiaries and affiliates will remain in separate entities.
“The new structure sets the exciting future course for Bharti Airtel and focuses on four different businesses – Digital, India, International and Infrastructure,” said Bharti Airtel President Sunil Bharti Mittal.
“We believe it will provide agility, expertise and operational rigor to serve our customers while providing flexibility to unlock value for our shareholders. This structure will serve us well in the coming years and will be a win-win for all stakeholders. “
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