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Airtel's Mittal says Indian Telecom sector was under stress

Bharti Airtel boss Sunil Bharti Mittal on Wednesday (19) said that the Indian telecom sector has been under stress for the last three-and-a-half years and the government should focus on its sustainability.

He made the statement after meeting top finance ministry officials.


He revealed that the issue of pending dues arising out of the Supreme Court ruling on Adjusted Gross Revenue (AGR) was not discussed during the meeting.

He asserted that the telecom industry is vital to the nation and the digital agenda of the government.

"The only thing government needs to do is to focus on how to ensure the sustainability of the sector," Mittal said.

He clarified that Airtel has already announced its plans to pay the dues that arose from the apex court ruling.

The company has paid Rs 100 billion out of its estimated liability of over Rs 350 billion.

Mittal clarified that the company has now started calculating its liability.

Vodafone Idea Chairman Kumar Mangalam Birla, who had met the telecom secretary on Tuesday (18), also met finance ministry officials.

It was not clear if they met the officials together or separately.

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  • Tata Sons holds talks with senior leaders from major UK and US airlines for possible succession to Campbell Wilson.
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  • Wilson's term runs until June 2027, but leadership change could happen sooner, says Economic Times report.

Tata Sons has begun searching for a new chief executive at Air India as the conglomerate reviews its airline leadership amid concerns over the pace of transformation and mounting financial losses.

Group chairman N Chandrasekaran has held discussions with chief executives of at least two large airlines based in the UK and the US as part of a wider search for possible successors to current Air India CEO Campbell Wilson, The Economic Times reported.

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