In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, the corporate leaders highlighted several issues, including certain income tax matters which were coming in the way of mergers and acquisitions or slowing them down and roles that need to be played by state businesses to prosper at the ground level.
Bharti Airtel had posted a staggering Rs 23,045 crore net loss for the second quarter ended September 30, due to provisioning of Rs 28,450 crore in the aftermath of the SC ruling on statutory dues.
“Digital economy is changing the composition, nature and speed of global trade leading to policy friction - today's trade rules reflect 20th century patterns of trade. With the size of e-commerce touching USD 25 trillion, digital infrastructure is a key determinant required by SMEs in developing countries to be a part of the global value chain,"
"Our request was that the OTT players in the telecom arena should have the same rules of the game. I don't know what are the recommendations on that. I believe, probably, the TRAI will come up with another consultation on the OTT side. We will see how they develop...," he told television channel ET Now on the sidelines of the Global Entrepreneurship Summit (GES) here.
In an interview to CNBC-TV18’s Shereen Bhan, Sunil Bharti Mittal spoke about the latest happenings in his company and the sector.
Airtel will invest Rs 18,000 to Rs 20,000 crore this year, he said, adding that the industry overall will be injecting Rs 50-60,000 crore to build digital infrastructure.
More than 600 participants from public and private sector as well as civil society are expected to participate in the India forum that would be hosted along with industry body CII.
"IUC has no relation to customer tariff and that customers are enjoying free or affordable calls is a testimony that the current IUC regime is not coming in the way of affordable tariffs," Mittal said in a letter to the Telecom Regulatory Authority of India.
In a letter to Trai Chairman R S Sharma, Mittal said that the current Interconnection Usage Charges (IUC) at 14 paisa is already "well below cost".
Mittal, who was last year re-appointed as Chairman of the company for another five years, received salary and allowances of Rs 20.13 crore, while the performance-linked incentive stood at Rs 9 crore during FY17.
Not overly concerned about protectionism as his business is "rooted in the domestic market", Mittal highlighted that it is unfair that movement of Indian workers gets restricted, while foreign firms make huge profits in India.
Mittal, 59, speaking in his capacity as Chairman of the world's largest business organisation International Chamber of Commerce (ICC), said it is a matter of concern that parts of the developed world are now embracing a protectionist attitude.
Telecom operator Vodafone today complained to Trai that Reliance Jio is still "luring customers" to subscribe the 'Summer Surprise' offer despite the regulator finding it in violation of norms.
Analysts believe Infratel will add 16,000 towers annually even after the Vodafone-Idea deal.
Mittal, the founder of Indian telecom major Bharti Airtel, has called for lowering or putting an end to roaming charges to prevent customers from bill shocks.
Telecom operators are now happily working with Internet firms like Google, Facebook and Whatsapp but regulator TRAI must clarify rules to resolve differences over app-based calling and message services, Bharti Airtel Chairman Sunil Bharti Mittal has said.
Indian telecom operators will start adopting 5G technology, which in present form can deliver up to 1000 mbps download speed, from this year, Huawei India CEO Jay Chen said today.
The auction last year had seen a muted response on account of high spectrum cost.
In what will create India's largest telecom company with revenues of over Rs 80,000 crore, Vodafone on Monday said that it is in exploratory discussions with the Aditya Birla group's telecom arm Idea Cellular for a merger.
In an exclusive interaction with Moneycontrol, CEO and MD of Airtel Payments Bank Shashi Arora said that the company will soon be integrating UPI payments for its account holders but will not issue plastic cards.
"As more and more telecom companies enter the fray, I think we will hopefully see competition not only amongst telecom companies which we read a lot about these days but we will probably see competition between conventional and the new mode of banking that you are going to introduce," Jaitley said at the launch.
The company has committed an initial investment of Rs 3,000 crores to develop a pan India banking network and digital payments ecosystem.
Apple Inc officials today met Commerce Ministry top brass amid its plans to open stores in India without initially having to source components locally.
Cyrus Mistry who is the Co-Chairman of the UK-India CEO forum is likely to be replaced, reports CNBC-TV18. The top contender for the replacement is Sunil Bharti Mittal. However, the final call has not been taken and it will be taken by the PMO.
The GSMA also elected the new members of the 26-member Board and re-elected Mari-NoÃ«lle Jego-Laveissiere, Executive Vice President, Innovation, Orange Group as Deputy Chair for the two-year period.