Bharti Enterprises Chairman Sunil Mittal

Bharti Airtel said that the reform package approved by the Cabinet “heralds a new dawn” for the Indian telecom industry , which has been battered by unprecedented stress, high debt and low return on investments. The reforms, it said, will pave the way for a sustainable three private plus one state owned telecom operator structure to serve a large market like India.

The Sunil Mittal-led telco said that the package will catalyse explosive growth of this vital sector. It added that the “bold initiatives” are reminiscent of the decisions taken by the NDA Government in 1999 when the telecom sector was at a crossroads which resulted in an era of affordable mobile services for all Indians.

Sunil Bharti Mittal, Chairman, Bharti Airtel said, “The latest reforms ensure that the industry is able to invest fearlessly and support India’s digital ambitions. We also compliment the Hon’ble Minister of Communications and the Hon’ble Finance Minister for their leadership and support.”

“Bharti Airtel is fully committed to respond to the call by the Hon’ble Prime Minister to invest in and accelerate India’s growth. What lies ahead is a once in a lifetime opportunity to build the digital infrastructure that is a catalyst for the digital aspirations of over one billion Indians.” added Mittal.

Airtel said that next generation telecom networks with technologies such as 5G will be the spine that will support India’s digital ecosystem and spur economic growth. A healthy telecom industry will also spur innovation and investments in allied industries like network equipment, smartphones, data centers, etc. and help create large number of jobs and contribute to India’s Atmanirbhar vision.

Gopal Vittal, MD & CEO (India and South Asia), Bharti Airtel added that these fresh reforms will further boost our efforts to invest in this exciting digital future and enable us to be one of the leading players in India’s digital economy. More needs to be done, however, towards a sustainable tariff regime to ensure the industry gets a fair return. “This will in turn allow it continue investing in new technologies and innovation to bring world-class services to customers.”

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By Marek

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