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Sunil Mittal at Davos 2024

Bharti Enterprises chairperson Sunil Mittal responded to a few questions posed by the media as he attended the World Economic Forum Annual Meeting taking place in Davos, Switzerland from January 15-19.

On the fair share demand, which is being spearheaded by telcos as they highlight massive strain on their networks because of excessive bandwidth consumption, Sunil Mittal said, that the large four, five big consumers of guzzlers of the network capacity, need to step up and contribute in the form of fair share toward India’s network burden for the strain on networks caused by their substantial bandwidth consumption. There are some people who are mixed up. Nobody’s saying fair share at the cost of net neutrality. Net Neutrality is a given on top of their fair share. That’s got nothing to do with net neutrality.

On Vodafone Idea and the emerging telco duopoly in India, he commented that although cash-strapped Vodafone Idea needs huge investment and has to shore up capital, it has not been able to do so in the last two-three years. They need to get some investors, they need to get some more debt.

Serious capital is required to be in this business. And that, sadly, has not been the case for the last two or three years. The size of country that India is, requires minimum three operators.

On India sentiment at Davos 2024, the chairman, Bharti Enterprises was upbeat. People are excited about the country’s future growth in the next 10 years. The foundation that has been laid out in the last 10 years, is going to see a very beautiful edifice building on top of it, he said.

Continuity is important in governance and will be beneficial for the business and investor community, be it domestic or international. Continuity of reform, continuity of investments in infrastructure, ease of doing business — all that has been very well demonstrated in the last 10 years, increasing with every year.

The world is recognising that the sheer scale and ambition of India is so much different from the previous decades. No longer does India need to sell itself. Investors are getting attracted and wanting to talk business with India.

CT Bureau

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