Sunday, June 26, 2011

#India - Bharti is restructuring businesses, merging all its telecoms activities to cut costs and ensure efficiency

[msn news] Bharti has embarked upon restructuring its business by merging three business verticals into one, that may lead to cutting of some jobs.
"The restructuring exercise will have minimal impact on the people," Bharti Airtel said in a statement commenting on the restructuring plan.

As on March 31, 2011, Bharti Airtel had a total of 16,830 employees.
The company is planning to merge its broadband telemedia business, satellite TV (DTH), mobile and fixed-line verticals of the company and the vast majority of its workforce, into a single entity,

Asked on reports that the exercise may lead to axing several jobs, the company said, "Bharti does not comment on speculation and as and when any change is planned the same will be done in the interest of all stakeholders and shared in an open and transparent manner."

The proposed merger is basically aimed at cost reduction and maintaining efficiency at the country''s biggest telecom operator at a time of falling profits.
"Such initiatives wherever and whenever appropriate will find favour at Bharti," the company said in a statement.

Bharti Airtel is a global telecommunications company with operations in 19 countries across Asia and Africa.

The company offers mobile voice & data services, fixed line, high speed broadband, IPTV, DTH, turnkey telecom solutions for enterprises and national & international long distance services to carriers. The company had 200 million customers across its operations.

Bharti's restructuring to have minimal impact on jobs

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