Sunil Bharti Mittal

Bharti Global, the international investment arm of Bharti Enterprises, has completed the acquisition of 24.5 per cent of the issued share capital of BT Group plc from Altice UK. In a statement, Sunil Bharti Mittal, Chair of Bharti Enterprises said Bharti has long recognised the enormous potential of the business, as the telecom stalwart expressed his delight at completion of the transaction. "We're delighted to have completed our investment into BT. Bharti has long recognised the enormous potential of the business. BT's renewed focus on optimisation, strengthening networks and driving consumer growth makes it well placed to consolidate its position as a leading global telecom company that delivers long-term value for investors," Mittal said. In August this year, Mittal's conglomerate had announced it will buy 24.5 per cent stake in BT Group for about USD 4 billion to become the single largest shareholder in Britain's biggest broadband and mobile company. Bharti Global, the ...

Says waiting for signal from DoT to start Oneweb in India

Mittal is the first Indian citizen to be awarded the Knight Commander of the Most Excellent Order of the British Empire (KBE) under King Charles III

Bharti Enterprises Founder and Chairman Sunil Bharti Mittal on Wednesday became the first Indian citizen to be conferred an honorary Knighthood by Britain's King Charles III for services to UK and India business relations. In a list of honorary British awards unveiled by the UK Cabinet Office, Mittal receives a KBE under the Most Excellent Order of the British Empire one of the highest honours conferred by a British monarch. The 66-year-old entrepreneur said in a statement that he was deeply humbled by the gracious recognition from King Charles. The UK and India have historical relations, which are now entering a new era of increased cooperation and collaboration. I remain committed to working towards strengthening the economic and bilateral trade relationships between our two great nations, Mittal said. I am thankful to the government of the UK, whose support and keen attention to the needs of business has been critical in making the country an attractive investment destination,

Sunil Bharti Mittal said in a statement that he was 'deeply humbled' by the gracious recognition from King Charles III

Mittal also backed the Digital Public Infrastructure (DPI) or the India Stack of technologies to ensure last-mile inclusion and digital adoption

OneWeb Satellite communication service is ready to connect all parts of the country from next month, Bharti Airtel Chairman Sunil Bharti Mittal said on Friday. While speaking at the inaugural session of the India Mobile Congress 2023, Mittal said 5G services was launched last year and Airtel has covered the entire country, covering 5,000 towns and cities along with 20,000 villages till date. He said that Airtel with the help of Universal Services Obligation Fund has been connecting rural and remote areas, and now satellite technology is available to connect all parts of the country. "OneWeb constellation is ready to serve the globe and is ready to serve the country. Anybody, anywhere in the country, in remote parts or in difficult areas , wherever they are located can be connected from next month," Mittal said. OneWeb, now merged with Eutelsat, will operate commercially as Eutelsat OneWeb with its centre of operations in London. Bharti Enterprises is the largest shareholder of the

The FM said using only interest rates to control inflation might have a downside, and supply-side issues also need to be managed

This was the second launch by Isro for OneWeb, a UK-based company supported by the UK govt, SoftBank, and India's Bharti Enterprises

OneWeb launches its final 36 satellites, set to begin India ops in July-August

Satellite communication service provider OneWeb is able to match mobile services rates of western countries but its prices can't be at par with the "extremely low" tariff in India, company's executive chairman Sunil Bharti Mittal said on Sunday. With the launch of 36 Low Earth Orbit (LEO) satellites by NewSpace India Limited early in the day, OneWeb constellation now has 618 satellites for global coverage including India. Sharing details of OneWeb launch and services, Mittal said that the services will be affordable and at par with mobile rates if a community of 30-40 homes in a village use it. However, the services will cost more for individual use in India compared to existing mobile services plans. "If you ask me, can the pricing of satellite communication be at par with mobile tariffs? Whatever is currently available in the Western world, it can be done today. What is available in India for 2 and 2.5 dollars a month? No, because that is a pricing which is extremely low," Mittta

This is OneWeb's 18th launch and third this year. With this its overall constellation count has gone up to 618 satellites

G20 forum to soon submit suggestions for African economic integration

The Return on capital in the telecom business is very low and a tariff hike is likely to be the mid of this year, Bharti Airtel chairman Sunil Bharti Mittal said here on Monday. While responding to a PTI query at the Mobile World Congress, Mittal said that the company has a healthy balance sheet and there is no need to raise any more capital. "Lot of capital has been injected that has made the balance sheet strong but the return on capital of this industry is very low. That needs to change. We are talking of small increments that need to come in the Indian tariff situation. I hope half (by mid) of this year," Mittal said. When asked about the impact on people at the bottom of the pyramid, he said that the hike is low compared to the spending people are making on other things. "Salaries have gone up, rents have gone except one thing. There is no one complaining. People are consuming 30 GB for almost paying nothing. We don't have more Vodafone type of scenarios in the country. "We n

Airtel's nationwide 5G services roll out would come months after Reliance Jio's nationwide 5G rollout by December 2023

He was speaking during a session on 'advancing digital cooperation', moderated by Observer Research Foundation President Samir Saran, during the World Economic Forum Annual Meeting 2022

Announcing the pact with New Space India, OneWeb, in the statement, said it remains on track for developing its satellite constellation network, delivering industry-grade secure connectivity

In terms of sector focus, the Budget has primarily focused on agri and MSME

He was speaking at a panel discussion on technology cooperation in the fourth industrial revolution at the World Economic Forum's online Davos Agenda 2022 summit

Mittal said the telecom sector as a whole was working to become carbon neutral by 2030, and at India's scale, even reaching 80% of that would be a huge achievement