New Delhi, April 5, 2001: Bharti Enterprises, India's leading telecom conglomerate, today announced a new strategic vision & framework for providing the consumer with high quality integrated Broadband Network services. This takes forward Bharti's high growth restructuring announced late last year.
In August last year Bharti restructured the operations of the group in order to develop a stronger focus on the challenges emerging in the Telecom Industry. This was done to ensure a sharper focus on it's business operations. This was truly an endeavour to align the group's activities proactively to dynamic market requirements and ensure high standards of service to its customers. In a further strategic move pursuant to it's philosophy of being 'customer & market driven', Bharti today announced the merger of its four companies Bharti BT Internet Ltd., Bharti BT V-SAT and Bharti Broadband Services & their holding company Bharti Telespatiale Ltd. into a single company - Bharti Broadband Networks Ltd.
The merger further reflects the group's recognition of the fast paced changes in the telecom sector and underscores its effort to put a sharper focus on the broadband market. The merger also follows Bharti's strategic decision to develop a common platform for developing integrated business solutions for Bharti's customers in different market segments in the areas of internet and broadband services.
Consequent to this new strategic vision and re-structuring, Bharti has taken over the stake of British Telecom in Bharti BT Internet Ltd. and Bharti-BT Ltd. (V-SAT Services)
According to Mr. Sunil Bharti Mittal, Chairman & Group Managing Director, Bharti Enterprises "The strategic marketing and business rationale of the merger was truly overwhelming. We believe that this merger will create a single entity which will emerge as one of the strongest, integrated broadband players in India".
Bharti has appointed Mr. Badri Agarwal as President of Bharti Broadband Networks, in addition to his capacity as President, Basic Services.
Bharti Enterprises - A Profile
Bharti Enterprises, India's leading telecom conglomerate, has been at the forefront of technology and has revolutionised telecommunications with its world-class products and services. Established in 1976, Bharti has been a pioneering force in the telecom sector with many firsts and innovations to its credit. Bharti has many joint ventures with telecom leaders like SingTel, Singapore; British Telecom, UK; E.M.Warburg Pincus, USA; Telia, Sweden and New York Life International, USA.
Bharti has many firsts to its credit, ranging from being the first cellular service in Delhi, first private basic telephone service provider in the country, first Indian company to provide comprehensive telecom services outside India (Seychelles), fastest growing VSAT company in India, and first multinational Internet Service Provider. AirTel, the premier cellular service from Bharti in Delhi, Himachal, Andhra Pradesh and Karnataka, has defined the cellular business through continuous marketing and technological innovations, consistently setting the benchmark for the Indian cellular industry. AirTel has the unique distinction of having been named India's best cellular service for four years in a row by receiving the Techies '97, Techies '98, Techies '99 and Techies 2000. Today, Bharti is India's largest telecom services company in the private sector.
Bharti Telenet created history with the launch of the first private sector fixed line service in the state of Madhya Pradesh, which is today India's largest private basic telephone service.
Bharti Enterprises also manufactures and exports telephone terminals and cordless phones. Apart from being the largest manufacturer of telephone instruments, it is also the first company to export its products to the USA.
Bharti Enterprises is today recognized as a true infrastructure builder of the nation. Amongst it's series of rewards & recognitions, Bharti was recently awarded the first National Infrastructure Development Finance Corporation (IDFC) award for "Excellence in Infrastructure - 2000".