Sunil Mittal: Bhart Enterprise CEO Says Reliance Jio ‘Will Spur Consolidation in Telecom Sector’:
London: The telecom czar said consolidation action has already began with the MTS and Reliance Communications (RCom) deal.
He said the perfect scenario for India should be four private operators and state-run BSNL.
RCom, India’s fourth-biggest telecom operator, has got Russian conglomerate Sistema’s Indian telecom component in an all-stock deal.
Sistema Shyam Teleservices Ltd (SSTL) offers cellular telephony services under the MTS brand across nine telecom circuits in the nation.
On the matter of call falls, Mr Mittal said the operators should additionally take part of the blame.
“The trouble has happened in the past one year and we must on our side take duty. We ought to have been better prepared…there’s part of the blame that sits on our side,” Mr Mittal said.
He, nevertheless, said the situation has begun to improve in the previous couple of weeks.
“We’ll come to a formula where we’ll have the ability to meet the authorities and regulator that we can come up to their expectations that they’ll not be requiring us to go through the procedure that’s now being proposed,” he said.
Operators are opposing the punishment saying it will cost them about Rs 150 crore a day and is tough to enforce the regulation.