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Airtel to float independent fibre infrastructure company: report

Airtel is replicating its strategy for tower infrastructure with fibre by creating a separate B2B company to develop optical fibre cable infrastructure and lease it out to other telcos, the Economic Times reports. The new entity will fill Telesonic Networks Ltd, an Airtel subsidiary formed in 2009. The move was first disclosed to regulators in November 2017, with Airtel approaching the National Company Law Tribunal in March this year for permission to de-merge. As the Airtel owned subsidiary, Telesonic provided "end to end wire line network management" solutions. It was previously known as (pdf) Alcatel Lucent Network Management Services India Ltd. In May 2012, Airtel selected Alcatel Lucent to create an IP based network to expand its high speed broadband connectivity. In less than a year, Airtel had bought out Alcatel Lucent's shareholding, to create a new business for fixed line…

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