Sunil Mittal

The chairman has recommended that instead of getting 16GB data for Rs. 160, users should only get 1.6GB at this price point.

Mittal said that the company will cross ARPUs of Rs 200 in 6 months

Mittal, who is the chairman of Bharti Airtel, also said that the Prime Minister's vision of Atmanirbhar Bharat has given a clarion call to the industry to ensure that more value addition is done in India for telecom networks, mobile devices, and software.

Mittal in his message to shareholders in the company's latest annual report said, while it is clear that the "worst may be behind for India's telecom industry", it is yet to emerge from the woods.

OneWeb, which had filed for bankruptcy on March 27, is working on a national satellite navigation system.

According to data available on BSE, Bharti SBM has bought 24, 12,000 shares in the bank at Rs 414.16 apiece on May 15. At this price, the transaction is valued at Rs 100 crore.

The comment by Mittal assumes significance as the government had asked telecom companies to pay the remaining adjusted gross revenue (AGR) dues

Mittal said the telecom sector has been under stress for the last three-and-a-half years and the government should focus on its sustainability.

"The last 24 months has seen countries being more concerned about their own needs with every man for himself," Mittal said here at WEF 2020.

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.

The investors who might put in more funds are insisting that a new management be appointed that has no links to Gautam Thapar-led Avantha Group

The bundle offer will give Airtel customers access to premium OTT content, streaming apps, high-definition TV channels, VR apps and interactive gaming services, along with the high-speed broadband.

Speaking at the inaugural session of India Mobile Congress 2018, Mittal said the National Digital Communications Policy (NDCP), like the previous telecom policy, clearly acknowledges that revenue maximisation is not the objective.

“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,"

Mittal, who heads India’s biggest mobile-phone operator, will be drawing the proceeds from a unit of Mittal’s Bharti Group that handles the founding family’s wealth. The investment will fund acquisitions by Pasricha’s Ennismore, a developer that owns the Gleneagles resort and Hoxton hotel chain expanding in the US and Europe.

Mittal said that the debt-ridden Aircel has two options, either to join Vodafone-Idea or go ahead with Airtel.

"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.

The amount committed includes three per cent of the family's stake in Bharti Airtel, Sunil Mittal, founder and Chairman of Bharti Enterprises, said at a conference.