Bharti Group is open to raising its stake in Eutelsat OneWeb to 30% but will not seek majority control. Chairman Sunil Bharti Mittal said the firm will focus on financial services and AI data centers. He added, "If there's a contest between the family and enterprise, enterprise wins every time."
In a bold move, Bharti Group plans to elevate its position in Eutelsat OneWeb to roughly 30%. The organization seeks to uphold its European identity in the satellite industry. Sunil Bharti Mittal shared ambitious plans, such as entering financial services and establishing AI data centers. He also highlights the crucial task of developing a leadership transition plan, stressing the importance of prioritizing the enterprise over family dynamics in strategic decisions.
New Delhi: The Bharti Group is open to increasing its stake in Eutelsat OneWeb to around 30%, matching that of the French government, but it will not become a majority shareholder. The satellite company will primarily remain European, Bharti Enterprises chairman Sunil Bharti Mittal told ET.
Apart from satcom, financial services, sovereign cloud and AI data centres will be the next big bets while Bharti Airtel pursues one billion global customers in its telecom business, said Mittal, laying out his plans as the Bharti Group completes half a century this year.
With Airtel now a well-established enterprise, the Group would now look at expansion.
Mittal said he is aware that succession can be disruptive and any founder must leave behind as much clarity as possible.
"We have created or laid early foundations of what I call House of Bharti. It's a charter that I have created for the next generation," he said.
"One thing I'm ensuring is in all situations, you bulletproof your enterprises. If there's a contest between the family and enterprise, enterprise wins every time, that's how I see it."