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This Article is From Feb 19, 2020

Government Needs To Focus On Telecom Sector’s Sustainability: Sunil Bharti Mittal

Government Needs To Focus On Telecom Sector’s Sustainability: Sunil Bharti Mittal
Billionaire Sunil Mittal, chairman of Bharti Airtel Ltd., attends the launch of Airtel Payments Bank Ltd. in New Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)

Bharti Airtel Ltd.'s Chairman Sunil Bharti Mittal on Wednesday said the telecom sector has been under stress for the last three-and-a-half years and the government should focus on its sustainability.

Emerging out of the North Block after meeting top finance ministry officials, he told reporters that the issue of pending dues arising out of the Supreme Court ruling on Adjusted Gross Revenue was not discussed.

The telecom industry, he said, is vital to the nation and the digital agenda of the government. "The only thing government needs to do is to focus on how to ensure the sustainability of the sector," he said without elaborating.

WATCH | KM Birla and Sunil Mittal meet Finance Minister.

He said Airtel has already announced its plans to pay the dues that arose from the apex court ruling. The company has paid Rs 10,000 crore out of its estimated liability of over Rs 35,000 crore.

Mittal, who had first met the telecom secretary prior to going to the finance ministry, said the company is calculating its liability. Vodafone Idea Chairman Kumar Managalam Birla, who had met the telecom secretary on Tuesday, also met finance ministry officials.

It was not clear if they met the officials together or separately.

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