Bharti Airtel today announced a new corporate structure expected to sharpen the focus of the company in driving the rapidly unfolding digital opportunity in India. The new structure envisages Airtel Digital Limited folding into the listed entity, Bharti Airtel. Airtel Digital will house all of the digital assets including Wynk Music, Airtel XStream, Airtel Thanks, Mitra Payments, Airtel Ads, Airtel IQ, Airtel Secure, Airtel Cloud and all future digital products and services.
Bharti Airtel’s digital ambition is closely intertwined with the spine that connectivity provides across the country. Airtel is intended to house all the telecom businesses in a newly created entity, Airtel Limited – a wholly owned subsidiary of Bharti Airtel Limited.
Airtel Payments Bank will remain a separate entity under Bharti Airtel and work closely with the growing customer base to play a vital role in realising the digital opportunity that payments and financial services provides. Airtel’s company infrastructure businesses such as Nxtra and Indus Towers will continue to remain as separate entities along with international subsidiaries and affiliates.
Sunil Bharti Mittal, Chairman, 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, each, in a razor sharp way. We believe this will provide agility, expertise and operational rigour to serve our customers brilliantly while providing flexibility to unlock value for our shareholders. This structure will serve us well over the coming years and is a win‐win for all stakeholders.”