M&A Critique

Airtel Rejig: Value Creation or Compulsion?

In 2019-20, Reliance Industries Limited did multiple re-jigs to ready its telecom arm Reliance Jio Limited for massive fundraise. Recently, its competitor, Bharti Airtel Limited announced a new corporate structure which will enable the company to place its entire “Telecom Business” into an unlisted subsidiary most likely followed by entry of strategic/financial investors.

Bharti Airtel Limited (“BAL”) is a global communications solutions provider in 18 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally and its networks cover over two billion people. Airtel is India’s largest integrated communications solutions provider and the second-largest mobile operator in Africa. Airtel’s retail portfolio includes high speed 4G/4.5G mobile broadband, Airtel Xstream Fiber with convergence across linear and on‐demand entertainment, streaming services spanning music and video, digital payments, and financial services.

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Aniruddha Jain

1 comment

  • Basudev Dass says:

    Very timely and useful