Bharti Airtel India

Bharti Airtel outlined a shake-up to the structure of its business unit which will include the departure of CEO Ajay Chitkara in August.

Bharti Airtel marked the improvement of open RAN and cloud platforms as the next big moves under its latest tie-up with Meta Platforms, with the pair set to focus on advancing India’s digital market by boosting connectivity infrastructure.

Bharti Airtel told analysts it was considering raising funds from a range of assets including stakes in its financial technology unit, infrastructure companies and Bangladesh operator Robi Axiata, The Economic Times reported.

Bharti Airtel recorded double-digit increases in mobile revenue in India and Africa in its fiscal Q2 (to end-September), fuelling profit growth. Net profit of INR11. 3 billion ($151. 6 million) overturned a loss of INR7. 6 billion in the same period in 2020.

Indian operators applauded what they called pioneering reforms in a relief package announced by the government designed to nurture the telecoms sector back to financial health.

The Supreme Court of India reportedly dismissed an appeal by Bharti Airtel and Vodafone Idea seeking recalculation of the amount owed in adjusted gross revenue (AGR) taxes, another setback to their efforts to have the sum lowered.

Intel secured a second Indian network transformation contract in as many months, through a deal to provide its virtualised and open RAN technologies to Bharti Airtel.