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Airtel to form an independent fibre company; names Abhay Sarvagaonkar as CEO

August 20, 2018

Bharti Airtel is going to form an independent fibre company and has named Abhay Sarvagaonkar as its Chief Executive Officer (CEO). Earlier, Sarvagaonkar was serving as Airtel’s Director, Networks.

The creation of the new independent fibre company comes at a time when Airtel is competing with Reliance Jio Infocomm Limited (RJIL) in the optic fibre market.

Additionally, Airtel is in the last stage of transferring its optical fibre cable network to a wholly-owned subsidiary, Telesonic Networks Ltd, by way of a slump sale. Telesonic has around 246,000 route kilometres of optic fibre, which is being expanded to cater to the increasing data growth.

Moreover, fibre assets from Telesonic would be transferred to the new independent fibre company.

 
 

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