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Airtel to gradually exit from non-core businesses

The Bharti Group will gradually exit from non-core businesses such as insurance, food and skilling and focus on transforming Airtel into a digital entity, chairman Sunil Bharti Mittal said in an interview to the Mint newspaper. It would also boost its Africa operations, payments bank, and satellite broadband. Mittal termed Elon Musk’s Starlink satellite broadband as formidable competition.

Why it’s important: Keeping a focus on wireless communication could pay higher dividends for Airtel. It would be interesting to see how it moves into the satellite broadband space, which is a potential gamechanger. MoneyControl

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