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Our Bureau

New Delhi , April 23

BHARTI Tele-Ventures Ltd will consolidate its business by merging two of its subsidiaries — Bharti Cellular Ltd and Bharti Infotel Ltd.

The company informed the BSE that the decision was taken at the company's annual general meeting earlier today. Bharti Cellular operates the GSM services in 16 circles across the country, while Bharti Infotel runs six fixed line networks along with the company's broadband, data and long distance operations.

"The merger is part of the Bharti group's efforts to consolidate its operations. Earlier, different subsidiaries were merged into these two companies and this is the next logical step. The move is in line with the unified license regime and the two companies will operate as divisions of a single unified identity," Bharti spokesman, Mr Deepak Jolly, told Business Line.

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Bharti posts Rs 619-cr net; revenues cross Rs 5,000 cr

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