Telecom’s 3+1 structure can be intact with adequate aid: Mittal

Bharti Airtel Chairman Sunil Mittal has expressed hope that the government and regulators will step in to ensure that the sector remains a viable place for continued investments, and asserted that industry requires “long overdue” support to maintain its current 3+1 structure.

Sunil Mittal (File Photo)

Updated on:

10 Aug 2021, 10:46 pm

Chennai

Mittal said as the sector’s role in the economy becomes more pervasive, its challenges loom larger. Issues such as unsustainable pricing and low returns in a highly capital-intensive environment, coupled with legacy legal issues, “have extracted their toll”, he said in Airtel’s latest annual report.

“The industry requires long overdue support to maintain its current 3+1 industry structure and allow players to earn a respectable return on their investments,” Mittal said, alluding to the current telecom industry construct that has three private players and one state-owned operator. He hoped the Centre and the regulators will ensure there is adequate balance in the industry and it remains a viable place for continued investments.

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