New Delhi: Telecom Sector Sunil Mittal The industry is under tremendous stress on Thursday and hoped that the government would ensure that India’s digital dream remains intact through provision of at least three operators.
Mittal accepted that there is a need to increase the telecom tariff and he Airtel There would be “no hesitation” in this regard, but was quick to add that this cannot be done “unilaterally”.
“To say telecommunications industry Having a little trouble is actually an understatement. It is under tremendous amount of stress. I am hopeful that the government, authorities and DoT will focus on this issue and ensure that India’s digital dream remains intact through provision of at least three operators. Bharti Airtel President Mittal said.
He was speaking to reporters at a virtual event organized by Bharti Global and UK government-led satellite communications company OneWeb.
Mittal said Bharti Airtel had raised funds timely and adequately through equities and bonds, and added that the company is firmly positioned to serve the market in the years to come.
Mittal said, “We have never gone to the jungle. We are a strong company, at times we are underestimated in our resolve.”
He admitted that the last 5-6 years were brutal and pointed out that the results are for all to see.
“Ten operators went out of work, two merged together … are gasping for breath,” he said.
He said the industry needs to stay healthy to roll out 5G services and fulfill India’s digital dream.
Asked whether the company would consider raising tariffs, Mittal said, “We will not hesitate to do it, but it cannot be done unilaterally.”
“How long can you keep beating each other, the thing is when you have returns on capital, even by the best operators, on the low single digits and most of them are struggling. are … the tariff always seems bad … just bring it back to where it was … enjoy 15 times the consumption, but at least come back to the old tariff.”
Mittal accepted that there is a need to increase the telecom tariff and he Airtel There would be “no hesitation” in this regard, but was quick to add that this cannot be done “unilaterally”.
“To say telecommunications industry Having a little trouble is actually an understatement. It is under tremendous amount of stress. I am hopeful that the government, authorities and DoT will focus on this issue and ensure that India’s digital dream remains intact through provision of at least three operators. Bharti Airtel President Mittal said.
He was speaking to reporters at a virtual event organized by Bharti Global and UK government-led satellite communications company OneWeb.
Mittal said Bharti Airtel had raised funds timely and adequately through equities and bonds, and added that the company is firmly positioned to serve the market in the years to come.
Mittal said, “We have never gone to the jungle. We are a strong company, at times we are underestimated in our resolve.”
He admitted that the last 5-6 years were brutal and pointed out that the results are for all to see.
“Ten operators went out of work, two merged together … are gasping for breath,” he said.
He said the industry needs to stay healthy to roll out 5G services and fulfill India’s digital dream.
Asked whether the company would consider raising tariffs, Mittal said, “We will not hesitate to do it, but it cannot be done unilaterally.”
“How long can you keep beating each other, the thing is when you have returns on capital, even by the best operators, on the low single digits and most of them are struggling. are … the tariff always seems bad … just bring it back to where it was … enjoy 15 times the consumption, but at least come back to the old tariff.”
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