Billionaire Sunil Bharti Mittal-run Bharti Group along with the British government on Friday took over as the new owners of broadband satellite communications company OneWeb
Bharti Airtel chairman Sunil Bharti Mittal on Monday hinted at an increase in mobile services prices in the next six months, saying that data at low rates is not sustainable for the telecom industry.
UK-based company proposes to put up 648 satellites to deliver affordable wireless internet
Airtel said the inauguration of undersea optic fibre link between Chennai and Andaman and Nicobar Islands is a game changer, and will unlock the potential of 4G and 5G services in the region.
The government needs to ensure that the telecom industry, which has had its ups and downs, is given due attention in area of levies and taxes, Mittal said
Mittal was re-appointed as Chairman of the company for a period of five years with effect from October 1, 2016 till September 30, 2021
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Bharti Airtel chairman says dispute over payments has caused 'significant distress' to the industry
The deal could be a game-changer for hinterland connectivity.
At 09:15 am; around 155.71 million equity shares representing 2.85 per cent of total equity of Bharti Airtel changed hands on the BSE, the exchange data show.
Says SC order did not specify quantum of dues to be paid
Emerging from a meeting with Telecom Secretary Anshu Prakash on Wednesday, Mittal said, 'They said pay full....we have paid full dues'
Besides licence fees, telecom companies owe Rs 55,054 crore in spectrum usage charges (SUC), as per estimates of the Department of Telecommunications (DoT)
The government will ensure coordination on three aspects -- compliance to SC order, ensuring health of the sector and customer interest, the source added
While the two refused to comment on discussions they had with Sitharaman, Mittal said the telecom sector has been under stress for the last three-and-a-half years
He said Airtel has already announced its plans to pay the dues that arose from the apex court ruling
According to the sources, Trump's business delegation with around 15 CEOs would represent sectors ranging from finance and banking to information technology and retail
Analysis of S&P BSE 500 companies suggests that promoters of Indian private-sector companies in particular could end up paying at least 20 per cent more as additional tax on the same dividend income
He noted that digital technologies are set to become the primary platform for economic activity and growth
At the other end of the spectrum, Essel Group topped the list of losers, followed by Vedanta and Munjal (Hero) group