AgenciesIn a stock exchange filing, informed that the company has withdrawn the scheme of arrangement for the new corporate structure announced in April last year.
The statement reads that the board is of the belief that the existing corporate structure of the company is optimal for leveraging emerging opportunities and unlocking value while continuing to scale up Airtel’s digital businesses.
The company said that the telecom sector reforms package announced by the government has boosted the outlook and investor confidence for the industry while simplifying the license framework. “With a strong balance sheet and 5G ready network, Bharti Airtel is well-positioned to invest aggressively in the emerging growth opportunities offered by India’s digital economy,” it said.
Bharti’s businesses will continue to be categorised under four verticals, i.e., India, Digital, International and Infrastructure.
The company will be merging its wholly-owned subsidiary Telesonic Networks Limited, resulting in consolidation of its fiber assets into Airtel. Nettle Infrastructure Investments Limited will also be merged. Bharti further notified that it will pursue its plan to eventually fold the DTH business (Bharti Telemedia) into Airtel to move towards the NDCP vision of converged services to customers.
The statement reads that the board is of the belief that the existing corporate structure of the company is optimal for leveraging emerging opportunities and unlocking value while continuing to scale up Airtel’s digital businesses.
The company said that the telecom sector reforms package announced by the government has boosted the outlook and investor confidence for the industry while simplifying the license framework. “With a strong balance sheet and 5G ready network, Bharti Airtel is well-positioned to invest aggressively in the emerging growth opportunities offered by India’s digital economy,” it said.
Bharti’s businesses will continue to be categorised under four verticals, i.e., India, Digital, International and Infrastructure.
The company will be merging its wholly-owned subsidiary Telesonic Networks Limited, resulting in consolidation of its fiber assets into Airtel. Nettle Infrastructure Investments Limited will also be merged. Bharti further notified that it will pursue its plan to eventually fold the DTH business (Bharti Telemedia) into Airtel to move towards the NDCP vision of converged services to customers.
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