Bharti Airtel has is contemplating restructuring plan which might result in loss of 2000 jobs. The falling revenues is believed to be the reason behind this whole exercise.
Airtel’s restructuring plan will facilitate merge of its mobile, satellite TV ( DTH )), and fixed-line & broadband telemedia business. These account for about 90% of the company''s revenues and the vast majority of its workforce, into a single entity.
According to experts the Bharti's move could have an cascading effect on the rival operators besieged by the debt burden, slowing growth and high marketing spends amid cut-price tariffs. |