Bharti Airtel chairman Sunil Mittal seeks govt help for telecom sector

Bharti Airtel chairman Sunil Mittal seeks govt. help for the telecom sector

Despite proving itself unavoidable during the nationwide lockdown to spread the coronavirus, Indian telecommunications isn't "out of the woods", Bharti Airtel chairman Sunil Bharti on Tuesday urged Mittal Sarkar to "stop the long-running legal dispute".

“The company ... the view that telecom price wars have changed the landscape of the industry we've known and managed so far and created a major crisis within the business sustainability of the industry players behind of integrated gross income (AGR),” he said. .

Mittal said the govt should rationalize tariffs within the sector and "prolonged legal disputes that put a large strain on the performance of operators".

On July 20, the Supreme Court rejected the telecom companies' demand for rescheduling their arrears to the Adjusted income (AGR) and said it'd choose the government's application for a 20-year payment period. The court fixed the quantity paid by Bharti Airtel at Rs 25,976 crore and Vodafone Idea at Rs 50,399 crore and factoring within the companies’ payments of Rs 18,004 crore and Rs 7,854 crore.

“While it's clear that India is also the worst behind for the telecom industry, we've got not yet emerged from the forest. India still has a number of very cheap data tariffs within the world and this industry is in a position to limit the price of capital. rather more support is required to form this effective in recovering the deep loss of cash and for telecom operators to take a position in future technologies, ”Mittal said during a message to Airtel shareholders.

Mittal said that despite the recent tariff hike, "we are still below the amount to create the industry functional. Seeing the commendable work it (telecom industry) has done to stay India connected, I hope the govt. will consider the urgent need of operators."

Mittal said the corporate will provide next-generation 5G services and needs to upgrade existing 4G base stations with 5G capabilities to be ready within the future, Mittal said. The growing demand for high-speed data has increased the requirement for 5G services in one amongst the world's largest telecommunications markets. The proposed investments in existing networks will provide Airtel customers with the simplest class connections and lay a powerful foundation for 5G services within the near future, he added. Mittal said Airtel Telecom had come up with the concept of ​​5G trials unitedly with gearmakers and app developers.