With AGR definition in flux, Airtel could scrap plans to rejig business

Bharti Airtel is rethinking its plan to separate its digital and infrastructure businesses from telecom, as the government’s redefinition of adjusted gross revenue (AGR) to exclude non-telecom revenues has made the corporate restructuring announced by the Sunil Mittal-led carrier less appealing.

“Now that the government has gone ahead and defined that AGR will exclude all non-telecom revenue, the restructuring might not even be required,” a person familiar with the company’s plans told ET.

He said the company was waiting for some clarifications from the government after which a final decision on whether to go ahead with the new structure or to revert to the old one would be taken.