Bharti Airtel - Outcome Of Board Meeting

Bharti Airtel Ltd has informed that the Board of Directors of the Company at its meeting held on January 22, 2007, has approved the following:1. A scheme of transfer of the towers for mobile communications and related passive infrastructure into a wholly owned subsidiary, Bharti Infratel Ltd for enhanced operational efficiencies.2. Commencement of Direct To Home (DTH) services to address the fast growing home entertainment segment through its Wholly owned subsidiary Bharti Telemedia Ltd.3. Acquisition of a submarine network cable system from Network i2i (jointly owned by Singtel and a Bharti group Company) by way of purchase of all the assets or equity for an overall consideration of USD 110 million, subject to obtaining the requisite approvals.