Bharti Airtel has incorporated a new step-down wholly-owned subsidiary called Airtel Money Limited with an initial share capital of Rs 10,00,000.
Airtel Money enables users to make online and offline payments, recharge mobiles, and pay utility bills directly from their mobile phones.
Bharti Airtel and Ericsson have deepened their partnership for 5G Fixed Wireless Access services in India to enhance customer experience.
The partnership involves deploying Ericsson's new core network solutions to improve Airtel's FWA capabilities, aiming at a more reliable network performance.