Only two telecom companies will remain in the country, Airtel’s Sunil Mittal said – AGR payment increased crisis

Only two telecom companies will remain in the country, Airtel’s Sunil Mittal said – AGR payment increased crisis

Airtel chief Sunil Mittal has said that only two telecom companies can exist in the coming days. He said that this situation could arise due to economic crisis and only two telecom companies will remain in the country. Bharti Airtel chairman said, “Due to economic pressure on the telecom sector, business can be limited between two companies.” If the promoters of the third company cannot raise capital on a large scale, then it will be difficult to remain in the competition. Airtel has also been adversely affected. We have done rights issues and other ways to bring new capital into the company. The third company will have to do something similar. ‘

Airtel Chief Sunil Mittal has said that only two telecom companies can exist in the coming days. He said that this situation could arise due to economic crisis and only two telecom companies will remain in the country. Bharti Airtel chairman said, “Due to economic pressure on the telecom sector, business can be limited between two companies.” If the promoters of the third company cannot raise capital on a large scale, then it will be difficult to remain in the competition. Airtel has also been adversely affected. We have done rights issues and other ways to bring new capital into the company. The third company will have to do something similar. ‘