Bharti Airtel switched to a new corporate structure to focus on digital opportunities and enable its true potential. Airtel Digital will now have all the digital assets — Wynk Music, Airtel X stream, Airtel Thanks, Mitra Payments platform — and will part of its listed entity Bharti Airtel. It will also have future digital products and services — Airtel Ads, Airtel IQ, Airtel Secure, Airtel Cloud. The telecom business will be under a newly created entity Airtel Limited, a wholly-owned subsidiary of Bharti Airtel.
Bharti Airtel is planning to make its digital unit Airtel Digital, a parallel entity to the telco with the aim to monetise it as a separate asset in the future, said chairman Sunil Bharti Mittal. The new unit will remove telecom regulatory overhang over the unit Headed by Adarsh Nair and could go public in the next two-three years. Airtel Digital has over 1500 employees and products like Wynk music, Xstream, payments, Airtel IQ, Safe Pay, etc.