Wednesday, July 09, 2008

Sunil Bharti Mittal

“Bharti Airtel also crossed the 50 million customer mark to enter the league of the world’s top telecom companies. Going forward, we see strong demand for telecom services across all segments and we are well placed to take advantage of these growth opportunities.”

Awards: Conferred upon one of the highest civilian awards, the Padma Bhushan by the Indian government. Sunil Mittal was also the NDTV Profit Business Leader of 2007 and his company Bharti Airtel was adjudged as the ET Company of the Year 2006-07.

Strategy: With a strong emphasis on value added services, Airtel continued to rule the Indian telecom sector in 2007. The largest telco focussed on the important rural market of India and registered the highest monthly subscribers addition of over two million every month for several months.

Acquisitions/Investments: Signs $150 million deal with Huawei and $400 million network deal with Ericsson. The company announced $2.5 billion capital expenditure plans.

Controversies:
Bharti’s offers to pay Rs.2600 crore for another GSM License, which was rejected by the government. Fights Reliance over spectrum issues.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)


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