Recent India reforms to help Vodafone Idea turn around, boost investments: ATC CEO

Kolkata: American Tower Corp (ATC) CEO Tom Barlett has said the “structural and process reforms” for the telecom industry recently announced by the Indian government would help cash-strapped Vodafone Idea (Vi) turn around and boost investments.

“We’re hopeful that it (read: measures taken by India’s Union government) will now give Vodafone (Idea) some more air in their tires to be able to turn around and continue to – or increase the overall investment that they have in the marketplace…and if that’s the case, we would see a really good construct for gross new business increasing in the marketplace,” Barlett said at a recent Goldman Sachs event in the US.