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NEW DELHI: The country’s oldest private telecom operator Bharti Airtel wants to focus on digital opportunities and unlock value from new age assets such as music, cloud, payments platform, and content.
Taking a leaf out of bigger rival Reliance Jio’s playbook, the Sunil Mittal-led company is undertaking a major restructuring that will see it place all digital assets into the listed entity Bharti Airtel. These include assets such as Wynk Music, Airtel X stream, Airtel Thanks, Mitra Payments platform, Airtel Ads, and Airtel Cloud, apart from any such future product.
While doing so, it will carve out core telecom assets under this listed entity through four separate verticals mobile, broadband and enterprise as Airtel Ltd, payments bank, infrastructure (data centres & towers), and international (which will house African operations, submarine cable and Bangladesh, Sri Lankan operations). It also plans to get the DTH business into Airtel Ltd.