Sunil Mittal

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Sunil Mittal - Total results - 126
Sunil Mittal asserts Bharti Airtel has made self-assessment, paid full AGR dues of around Rs 13,000 cr
Business

Sunil Mittal asserts Bharti Airtel has made self-assessment, paid full AGR dues of around Rs 13,000 cr

The total payout by Bharti Airtel, however, is half of Rs 35,586.01 crore liability estimated by the DoT.

Telecom sector under stress for three-and-a-half years; govt needs to focus on industry's sustainability: Sunil Mittal
Business

Telecom sector under stress for three-and-a-half years; govt needs to focus on industry's sustainability: Sunil Mittal

The telecom industry, he said, is vital to the nation and the digital agenda of the government.

DoT likely to add Videocon dues of Rs 2,041 cr to Airtel's AGR bill; may not include Aircel's liabilities in Sunil Mittal-led telco
Business

DoT likely to add Videocon dues of Rs 2,041 cr to Airtel's AGR bill; may not include Aircel's liabilities in Sunil Mittal-led telco

The DoT has pegged Airtel’s AGR dues at around Rs 35,586 crore, Videocon’s liabilities at 2,041 crore and Aircel’s dues at Rs 11,950 crore.

Vodafone Idea's losses widen to Rs 6,439 cr in December quarter; AGR-hit telco flags 'material uncertainty'
Business

Vodafone Idea's losses widen to Rs 6,439 cr in December quarter; AGR-hit telco flags 'material uncertainty'

Vodafone Idea (VIL) ability to continue as a going concern is essentially dependent on a positive outcome of its modification application in the Supreme Court on the AGR matter and any relief from the Telecom Department on payments

India has always been open to multilaterism; many countries are too self-focussed, says Sunil Mittal
Business

India has always been open to multilaterism; many countries are too self-focussed, says Sunil Mittal

"The last 24 months has seen countries being more concerned about their own needs with every man for himself," Mittal said at WEF 2020

World's cheapest, biggest telecom market faces life-threatening crisis; industry favours TRAI intervention to fix floor price
Business

World's cheapest, biggest telecom market faces life-threatening crisis; industry favours TRAI intervention to fix floor price

With 1 gigabyte (GB) of mobile data costing just $0.26 compared to $12.37 in the US and $ 6.66 in the UK, India in 2019 emerged as the nation with the cheapest telecom tariff in the world.

Airtel to invest Rs 20,000 cr despite economic slowdown; Sunil Mittal seeks govt support for faster clearances
Business

Airtel to invest Rs 20,000 cr despite economic slowdown; Sunil Mittal seeks govt support for faster clearances

Early this month, Bharti Airtel's board had approved raising $4 billion through equity dilution and debt funding.

Bharti Airtel to gain at cost of Vodafone Idea as it has better balance sheet strength, say brokerages
Business

Bharti Airtel to gain at cost of Vodafone Idea as it has better balance sheet strength, say brokerages

Bharti Airtel expects industry revenues to start growing again due to recent tariff hikes, and expects industry revenues to surpass $50 billion (timeline unspecified) as opposed $30 billion at present, per company.

Fitch Ratings places Bharti Airtel on 'rating watch negative' on Supreme Court ruling
Business

Fitch Ratings places Bharti Airtel on 'rating watch negative' on Supreme Court ruling

Fitch Ratings has placed Bharti Airtel Ltd on 'rating watch negative' over unpaid regulatory dues arising from a recent Supreme Court ruling

SC verdict on AGR: Hope govt takes 'balanced approach' to ensure telecom sector's long-term viability, says Bharti Airtel
Business

SC verdict on AGR: Hope govt takes 'balanced approach' to ensure telecom sector's long-term viability, says Bharti Airtel

A day after a panel of secretaries was formed to suggest ways to mitigate financial stress in the telecom sector, Bharti Airtel on Wednesday said it is in the best interest of all parties to formulate a "constructive mechanism" to ensure that large levies, including AGR, can be addressed in a "fair manner"

Bharti Airtel's Q2 mobile services revenue up 7% to Rs 10,981 cr y-o-y; ARPU slips in September quarter
Business

Bharti Airtel's Q2 mobile services revenue up 7% to Rs 10,981 cr y-o-y; ARPU slips in September quarter

Airtel's average revenue per user (ARPU) for mobile services—a key metrics for telecom companies—slipped marginally to Rs 128 against Rs 129 in the previous sequential quarter

SC verdict on AGR: Telcos have long ignored the warning signals on revenue underreporting; cartelisation won't help this time
Business

SC verdict on AGR: Telcos have long ignored the warning signals on revenue underreporting; cartelisation won't help this time

The Supreme Court decision of giving three months is liberal considering the stringent provisions of the Insolvency and Bankruptcy Code 2016

Sunil Mittal's company, other investors may infuse funds in bid to revive scam-hit CG Power & Industrial Solutions
Business

Sunil Mittal's company, other investors may infuse funds in bid to revive scam-hit CG Power & Industrial Solutions

The investors reportedly also asked CG Power to appoint a new management team that has no link with Avantha Group, the report said.

Bharti Airtel agrees to pay Tanzanian govt $26 mn, cancel $407-mn debt at unit to settle dispute
Business

Bharti Airtel agrees to pay Tanzanian govt $26 mn, cancel $407-mn debt at unit to settle dispute

Bharti Airtel executive chairman Sunil Bharti Mittal said he hoped the deal would “give a fresh start to the company.”

Airtel Africa looks at $1 billion London listing; company plans to sell 25% new shares to reduce existing debt
Business

Airtel Africa looks at $1 billion London listing; company plans to sell 25% new shares to reduce existing debt

Telecom czar Sunil Mittal-led Bharti Airtel's Africa unit plans to launch over $1 billion (around Rs 6,970 crore) IPO in London to help reduce debt

Vodafone Idea Q4 loss narrows sequentially to Rs 4,882 cr; co says strategic initiatives taking effect
Business

Vodafone Idea Q4 loss narrows sequentially to Rs 4,882 cr; co says strategic initiatives taking effect

Despite improvement in operational metrics, the earnings scorecard of Vodafone Idea—and of Bharti Airtel last week—underline the challenge telecom players face to grow profitability in India.

Mukesh Ambani is 13th richest on Forbes World's Billionaire list; Amazon founder Jeff Bezos retains top spot
Business

Mukesh Ambani is 13th richest on Forbes World's Billionaire list; Amazon founder Jeff Bezos retains top spot

Mukesh Ambani, 61, saw wealth soar from $40.1 billion in 2018 when he was placed 19th richest in the world, to $50 billion to be rank at 13th in 2019.

CBI war hits RAW nerve: AK Bassi's plea in SC indicates collusions between intel wing's top officer and bureau's Rakesh Asthana
India

CBI war hits RAW nerve: AK Bassi's plea in SC indicates collusions between intel wing's top officer and bureau's Rakesh Asthana

The Supreme Court was informed on Monday, through pleadings filed by Central Bureau of Investigation (CBI) Deputy Superintendent of Police Ajay Kumar Bassi, that the agency had intercepted a conversation between RAW’s Goel and banker Somesh Prasad, warning the Dubai-based fugitive not to return to India 'at any cost'.

National Frequency Allocation Plan 2018 expected at India Mobile Congress: Report
News & Analysis

National Frequency Allocation Plan 2018 expected at India Mobile Congress: Report

IMC plans to showcase India's "vibrant" telecom market and the country's "leadership" position.

India Mobile Congress 2018 Day 1 highlights: India's road to 5G development discussed
News & Analysis

India Mobile Congress 2018 Day 1 highlights: India's road to 5G development discussed

We can expect the talking points at IMC 2018 to revolve around the onset of 5G communication.