Airtel’s fund-raise plans give power to go extra mile, tap large opportunities: Sunil Mittal

NEW DELHI: Airtel’s Rs 21,000 crore fund-raising plans will give the firm the fuel to shift to a higher gear and tap large opportunities by accelerating investments in the rollout of 5G services, fibre, and data centre business, its chairman Sunil Mittal said on Monday.

Mittal said the industry has been urging the government to address some pressing issues “inhibiting” continued investments in the sector and added that the taxes on the industry remain high.

“For every Rs 100 of revenue, Rs 35 go in various forms of levies. We hope that as we step up and do our part, the government will also favourably look at some of the genuine demands of the industry, enabling a multiplier effect and positive outcome,” Mittal said in an investor call on the company’s fundraising plans.