Sunil Bharti Mittal to Talk With Ambani for Coordinated Approach

Mittal said that he is also planning to speak to Mukesh Ambani, Managing Director and Chairman, Reliance Industries Limited (RIL) for coming together and building a coordinated approach to revive the industry.

Published by
Tanay Singh Thakur

Sunil Bharti Mittal, Chairman of Bharti Enterprises, wants the telecom operators to come together for building a unified strategy and reviving the sector. Mittal said that the telcos have been cutting each other for getting a larger market share. As per the Indian business tycoon, it’s high time that the industry regroups and focuses on building a sustainable business. For the same, Mittal recently spoke to Nick Read, CEO of Vodafone Group Plc, and “encouraged him to stake necessary steps and cover lost ground”. Mittal reiterated that the government had done its part in helping the sector, so now it is time for the telcos to step up as well.

Bharti Airtel Might Take Lead In Some Areas

Mittal said that he is also planning to speak to Mukesh Ambani, Managing Director and Chairman, Reliance Industries Limited (RIL), for coming together and building a coordinated approach to revive the industry. Mittal said that he would talk to Ambani about cooperating in areas such as sharing of fibre infrastructure, market practices, and data centres.

According to an ET Telecom report, Mittal further said that Airtel is ready to take the lead in some areas. It is clearly indicated that Mittal meant tariffs here. Bharti Airtel might become the first telecom operator in India to go for aggressive tariffs. Mittal expects the average revenue per user (ARPU) to touch Rs 200 by the end of the Financial Year 2022 (FY22).

Further, Mittal said that Airtel will opt for the relief measures from the government and would defer the adjusted gross revenue (AGR) and spectrum payments to improve the cash flow of the company. According to Mittal, deferment of payments for would mean a breather of about “Rs 35,000 to Rs 40,000 crore and an interest of Rs 7,000 crore.”

It was interesting to see Mittal saying that Airtel wants to see the details of the government taking equity in the company against the interest payments. This means Airtel is open to offering an equity stake to the government if the deal favours.

Tanay Singh Thakur

Tanay is someone with whom you can chill and talk about technology and life. A fitness enthusiast and cricketer, he loves to read and write.

Share
Published by
Tanay Singh Thakur

Recent Posts

Infinix Note 11S May Soon Arrive in India, Hints CEO

The CEO of Infinix has just teased the launch of Infinix Note 11S in the…

Samsung Galaxy Note Likely to Be Discontinued

Samsung unveiled the last Note series smartphone - the Galaxy Note 20 in August last…

Mavenir Offers 4G Open RAN Small Cell for Outdoor Deployments Ideal for Remote Locations

The network software provider Mavenir has announced the commercial availability of its 4G Open RAN…

Xiaomi 12 Might be Launched Along with Xiaomi 12X on December 12

There have been several reports of leaked details on the upcoming flagship device from Chinese…

Vodafone Idea Showed Good Recovery in Urban Markets

Vodafone Idea (Vi) was able to recover in the urban markets in the September quarter,…

What Are the Best Pocket Friendly Broadband Plans in India?

The need for the internet is on the rise with each passing day. The Internet…

Ericsson, Porsche Enter Into Partnership For 5G Future

In an attempt to advance the automotive industry, Ericsson and Porsche have entered into a…

BSNL to Offer Eros Now Membership with Its Postpaid Plans

In the recent development of events, Bharat Sanchar Nigam Limited (BSNL) will now offer Eros…

Vodafone Idea Says 5G Will Bring in New Revenue Streams

  Vodafone Idea recently demonstrated the use cases of 5G networks in Pune, Maharashtra and…