Sunil Mittal says relief package ‘heralds a new dawn’ for industry; will ensure sustainable market structure

Bharti Airtel said that the reform package approved by the Cabinet “heralds a new dawn” for the Indian telecom industry , which has been battered by unprecedented stress, high debt and low return on investments. The reforms, it said, will pave the way for a sustainable three private plus one state owned telecom operator structure to serve a large market like India.

The Sunil Mittal-led telco said that the package will catalyse explosive growth of this vital sector. It added that the “bold initiatives” are reminiscent of the decisions taken by the NDA Government in 1999 when the telecom sector was at a crossroads which resulted in an era of affordable mobile services for all Indians.