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Andy Mukherjee

Mittal’s Tower Deal Denies Ambani a Walkover

This will be a $14.6 billion fight to the finish.

General Images of Bharti Airtel Ltd. Ahead of Earnings

Photographer: Dhiraj Singh/Bloomberg

His business model has been upended, profitability lies in tatters and the regulatory environment has turned against him. But billionaire Sunil Bharti Mittal, who controls India’s largest mobile company, has just signaled a $14.6 billion intention to fight to the finish.

Bharti Airtel Ltd. reported a fiscal fourth-quarter loss this week in its Indian operations – its first in 15 years. Yet to write off Mittal as a loser in the great Indian data war of 2016-2020 may be a mistake.