Is India’s Telecom About to be Shaken up?
Bharti Airtel Ltd.’s Chairman Sunil Mittal said India’s richest man Mukesh Ambani is going to shake up the country’s telecommunication industry with the start of a $15 billion fourth-generation wireless service. The impending entry of Ambani’s Reliance Jio Infocomm Ltd. is set to force smaller operators to consolidate, Mittal said in an interview. Bharti Airtel -- India’s top wireless carrier -- has ramped up investment and is looking for opportunities to purchase spectrum from other companies, he said.
Most Recent Videos
Full Show: Surveillance (08/07)
41:33 - Bloomberg Surveillance hosted by Francine Lacqua and David Gura. Guests include Geoffrey Yu, head of U.K. investment office at UBS Wealth Management, Holger Schmieding, chief economist at Berenberg, and Kevin Logan, chief U.S. economist at HSBC Securities USA Inc. (Source: Bloomberg)