CHENNAI:
The directors of Bharti Airtel, at a meeting held on Tuesday, approved a scheme of transfer of the towers for mobile communications and related passive infrastructure to a wholly owned subsidiary, Bharti Infratel Ltd., for enhanced operational efficiencies. The board also approved the commencement of direct to home (DTH) services to address the fast growing home entertainment segment through its wholly owned subsidiary, Bharti Telemedia Ltd.
The directors approved the acquisition of a submarine network cable system from Network i2i (jointly owned by Singtel and a Bharti group company) by way of purchase of all the assets or equity for a consideration of $ 110 million, the company said in a release.
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