Bharti unveils Rs 200 cr fund to promote innovation in telecom

NEW DELHI: Telecom major Bharti Airtel on Thursday launched a Rs 200-crore innovation fund for promoting entrepreneurship in the telecom sector.

The objective of the fund is to provide opportunities to the entrepreneurs to undertake innovation in the field of telecom with regard to content, software and technologies, Bharti Airtel Joint MD and CEO Manoj Kohli told reporters here.

This is the first ever telecom innovation fund in the country, he said.

Bharti Airtel, market leader in the GSM base cellular telephony, has started the fund with an initial corpus of Rs 200 crore.

Source : Economic Times