Bharti Airtel Secures Multi-Year CBDT Deal for Advanced Network Solutions – Shares Set to Surge?

The Central Board of Direct Taxes (CBDT) has signed a multi-year contract with telecom giant Bharti Airtel. Under this contract, Airtel will provide network and connectivity solutions for CBDT’s Taxnet-2.0 programme. This new agreement extends Airtel’s role as the network partner for CBDT, a partnership that began in 2008 with Taxnet-1.0.

“The formal Letter of Award was handed over to Bharti Airtel by the Central Board of Direct Taxes (CBDT) and the Letter of Acceptance has been given by Bharti Airtel to CBDT. The occasion was graced by Mr. Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises, and Mr. Ravi Agarwal, Chairman, CBDT,” Airtel said in a statement.

As part of the Taxnet-2.0 programme, Airtel will provide robust dual connectivity with a Software Defined Network for WAN and Secure LAN, along with other technology solutions. The aim of this programme is to modernize the current system for the collection, processing, monitoring, and accounting of direct taxes, ensuring a more efficient and secure process.