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A meeting with Prime Minister Narendra Modi in September 2018 was the turning point in the life cycle of Bharti Airtel, which on May 27 crossed $100 billion in market capitalisation.
Sunil Bharti Mittal, Chairman of Bharti Enterprises, emphasized that Airtel's resurgence post the challenges posed by Reliance Jio's entry and the AGR ruling showcased India's stable economy and supportive policies under strong leadership. Reflecting on Airtel's path to the $100-billion milestone, Mittal highlighted the company's resilience amidst industry disruptions. He noted that Airtel's achievement as the first-generation Indian company to reach this milestone was significant, especially considering the competitive landscape.
Reliance Jio: As per latest telco spectrum data collated by Axis Capital, Airtel’s sub-GHz spectrum holdings in 800, 900 MHz bands are significantly lower at 176 MHz compared to Jio’s 445 MHz. Jio’s sub-GHz spectrum holdings are larger than Airtel and Vi as it is the only telco with pan-India 700 MHz airwaves apart from nationwide 800 MHz spectrum. Vodafone Idea's (Vi) sub-GHz spectrum holding (900 MHz band only) is at 141.2 MHz.
Bharti Airtel: "It takes time to wipe off history. Secondly, the world over, you don't see more than three-four operators. You can't put $50 billion and start from ground zero. What Reliance did was unprecedented. You have to give them credit. I would say a strong balance sheet, massive execution capabilities, risk-taking abilities, and finally regulations. All these things have to come together."
Gurugram , May 30, 2024: Bharti Airtel , India's leading telecommunications services provider has appointed Sharat Sinha as the CEO of Airtel Business effective 3rd June 2024. In this...