Sunil Bharti Mittal argued that instead of investing money on spectrum acquisition, service providers can invest in faster roll out of networks
Sunil Bharti Mittal argued that instead of investing money on spectrum acquisition, service providers can invest in faster roll out of networks
Telecom service operator Airtel on Thursday urged the government not to charge higher fees for 5G spectrum allocation, saying a faster roll out of next-generation telecom networks could yield more benefits than collecting revenue in upfront cost. Huh.
Sunil Bharti Mittal, chairman of Bharti Enterprises, the country’s second largest telecom company, said there are a variety of applications, from healthcare to video interaction, that will make 5G the earliest technology to be introduced.
“5G is important and that is why we keep requesting the government to make 5G a enabler for hundreds of things to be developed in the country, to keep the spectrum at affordable cost, not to load the industry too much, ” Mister. Mittal said at the Times Network India Economic Conclave.
Mr Mittal argued that instead of investing money on spectrum acquisition, service providers can invest in faster roll out of networks, which will provide high speed connectivity with low latency.
“I would say that the multiplier effect of a fast, high-speed, low-latency network for a country can be many times greater than what it is already gaining some money,” he said.
In the past, telecom companies have complained of high reserve prices being a deterrent, and the high cost of spectrum has been called as one of the reasons for the poor financial condition of the telecom industry for the past few years.
Regarding the proliferation of private and unregulated cryptocurrencies, Mr Mittal said such tools pose a “serious problem” and supported Finance Minister Nirmala Sitharaman’s plea at a global forum in Washington for a concrete response.
Mittal, whose company also runs a payments bank, said there are Know Your Customer (KYC) issues with such currencies, but added that the technology should be protected against harsh actions such as sweeping sanctions.
“… there may be some very difficult actions by nation states to get it (cryptocurrency) going legal. It needs to be protected. It’s a good technology, it needs to be protected for mankind to use.” So they can have a secure, very easily traceable kind of money ecosystem, but that needs governments to catch up,” he said.
Mr. Mittal, who also aims to offer satellite-based connectivity through the neo-nakshatra of satellites, said the roll outs in Alaska and Canada have been successful, and added that India has a lot of potential for remote locations such as China. Such technology is needed to connect people to the area near the border, the jungle gir or the Himalayan mountains. He said that the terrestrial radio network cannot reach 10 per cent of the Indian population which can be connected through satellites.
Speaking at the same event, private sector lender IDFC First Bank’s V. Vaidyanathan said India is in the “magical quadrant” where the power of the government can ensure reforms.
Mr Vaidyanathan said, “During this process, we really have to think about how to deal with a situation where a small affected minority can affect the progress and profit of a larger group on the grounds of disturbing the overall ecosystem. may or may be disturbing the process.” Union Information and Broadcasting Minister Anurag Thakur, who also spoke at the event, said that over 25,000 laws and regulations affecting businesses were repealed last year and added that Prime Minister Narendra Modi asked his ministerial colleagues Some aspects have been asked to reduce.
Times Group managing director Vineet Jain said some countries have developed by stamping out dissent and adopting a top-down approach, while India has a “noisy and argumentative” political process. He expressed hope that the two-day event will act as a catalyst for realizing India’s potential at the global level and creating a more “humane and peaceful world”.