Airtel comes up with new corporate structure to sharpen focus on digital
Telecom major airtel has introduced a new corporate structure, which is expected to sharpen the focus of the company in driving the rapidly unfolding digital opportunity in India while enabling it to unlock value. The new structure envisages airtel Digital Limited folding into the listed entity, Bharti airtel. This will now 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. Bharti Telemedia, the 100% arm operating DTH services will sit alongside airtel Limited for now. 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.