Invest & recover what’s lost: Bharti Airtel chairman Sunil Bharti Mittal to Vodafone Plc CEO Nick Read

Bharti Airtel chairman Sunil Bharti Mittal on Thursday said he spoke to Vodafone Plc CEO Nick Read, after the announcement on the relief package for the telecom sector, to convince him to invest in his company’s India operations now that the government has taken a major investor-friendly step. Mittal also told Read that the new reforms in the telecom sector announced by the government open up several opportunities for the two companies to partner in the areas of infrastructure.

“You have a lifetime opportunity to retake what has been a lost cause. The government has been very strong in their response and it is time for Vodafone and Mr Birla (KM Birla) to step up their contribution into the company. This was my conversation with Nick,” Mittal said, speaking to a group of journalists.