Airtel To Be At Forefront Of Bringing 5G To India, Says Sunil Mittal
With a strong network to serve the nation’s digital-first economy, Bharti Airtel Chairman Sunil Mittal has stated that the business will be at the forefront of bringing 5G connectivity to India. The timing of Mittal’s remarks has relevance now that the 5G spectrum auction countdown has started.
During the auction, which is set to start on July 26, a total of 72 GHz (gigahertz) of radiowaves worth at least 4.3 lakh crore would be offered for sale. The Telecom Department is organising a mock auction (mock drill) on Friday and Saturday in advance of the major event (July 22 and July 23).
Reliance Jio, Bharti Airtel, and Vodafone Idea are scheduled to take part in the 5G spectrum auction. Adani Enterprise Ltd., the flagship company of billionaire Gautam Adani, is also expected to bid.
The Indian market is prepared for 5G services, which will provide new services and business models and offer ultra-high speeds (about 10 times faster than 4G). Sunil Mittal stated, “We can boldly assert that Airtel will be at the forefront of bringing 5G connectivity to India with a robust network that will support India’s digital-first economy,” in Bharti Airtel’s annual report for 2021–2022. According to Mittal, Airtel established itself as a leader in 5G by testing the network before its rivals and became the first operator in India to demonstrate 5G cloud gaming and carry out a successful trial of the 700 Mhz band for rural connectivity.
In his letter to shareholders, “Onwards with daring and confidence,” Mittal also stated that the company’s revenue from digital services will increase by several billion dollars over the coming years while retaining an asset-light strategy.
According to him, the early results of Airtel’s digital ventures support his confidence.
India emerged as a bright spot in the global economy throughout the financial year despite new COVID-19 versions, geopolitical problems, skyrocketing commodity prices, and rising inflation, Mittal said.
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