The entity would operate independently and going forward it would invite other telecommunications operators for equity participation and bring the management of their broadband and fixed-line networks under the entity.
The financial details of the deal were not announced. Bharti said this is a new business model for managing fixed line and DSL broadband networks, on the lines of Indus Towers.
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.”
