Stating that its digital ambition is closely intertwined with the spine that provides connectivity across the country, the company said it intended to house all telecom businesses in a newly created entity, Airtel Limited, a wholly-owned subsidiary of Bharti Airtel Limited.
Bharti Telemedia, the 100 per cent arm operating DTH (direct to home) TV services will sit alongside Airtel Limited for now. It is intended to eventually merge the DTH business into Airtel Limited to move towards converged services.
With the restructuring, Bharti Airtel will now house all the digital assets including Wynk Music, Airtel X stream, Airtel Thanks, Mitra Payments platform, Airtel Ads, Airtel IQ, Airtel Secure, Airtel Cloud and all future digital products and services.
The company has moved the government to seek clarity on licensing policy given that carriage--telecom and DTH--is currently being regulated and managed under two separate ministries of Communications and Information and Broadcasting, respectively.
Airtel Payments Bank will remain a separate entity under Bharti Airtel and work closely with the growing customer base to play a pivotal role in realising the digital opportunity that payments and financial services provide.
The company’s infrastructure businesses such as Nxtra and Indus Towers will continue to remain in separate entities as they are currently. The status of international subsidiaries and affiliates will remain the same.
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