Sensex 28385.2 -0.99 -0%
Nifty 8484.9 9.15 0.11%
Bharti Airtel (“Bharti”), a leading global telecommunications services provider with operations in 20 countries across Asia and Africa, today introduced a new business model for managing fixed line and DSL broadband networks, on the lines of Indus Towers.
Bharti will initially acquire the entire equity stake of Alcatel Lucent India in Alcatel Lucent Managed Network Service India - a joint venture between Bharti and Alcatel Lucent India Ltd. to manage and deploy the former’s fixed line and broadband network in India.
The operations of the entity will be strengthened by the transition of proven tools, processes and all manpower & skilled resources from the existing joint venture. It will operate independent of Bharti and going forward, will invite other operators to join in with equity participation and bring the management of their broadband and fixed line networks under its fold.
Sanjay Kapoor, CEO (India & South Asia) – Bharti Airtel said, “Bharti pioneered the outsourcing model that helped revolutionize the telecom industry and with this innovative model we are breaking new ground in an industry which is on the cusp of a massive data growth. This new model, along with our recently launched Network Experience Centre, will provide us greater control over the delivery of a world-class data experience to customers across our portfolio of networks.”
Munish Seth, President and Managing Director, Alcatel-Lucent India said, “We are extremely proud that the Joint Venture was a catalyst in transforming Bharti’s Telemedia business at an accelerated pace and setting the stage for the next stage of transformation. The formation of this new model is a step in that direction and will leverage the core competencies that Alcatel Lucent Managed Network Service India has built over time.”
Shishir Kumar, CEO - Upper North, Bharti Airtel has been appointed as the CEO of the entity.
Bharti Airtel provides broadband (DSL), data and telephone services (fixed line) in 87 cities across India with 3.3 million customers of which, 1.4 million subscribe to broadband / internet services.
India Infoline News Service / 08:59, Sep 15, 2014
Many a times parents overlook other goals as they are too busy focusing on just one goal, that is on their child's education. They are too emotionally involved in achieving this particular goal that they forget planning for their retirement and saving for other emergencies.