Synopsis
“I don’t know what norms the government will apply but I know it’s concerned about the sector and I’m hopeful that something should happen,” Mittal said on Thursday.
His comments came amid fresh concerns around loss-making Vodafone Idea’s survival chances due to its dwindling cash balances, and continuing inability to line up funding or raise tariffs in a fiercely competitive market.
Bharti Airtel chairman Sunil Mittal said the telecom industry is under tremendous stress, but he is hopeful that the government would take adequate steps to ensure the sector remains vibrant and isn’t reduced to a duopoly.
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