Sunil Mittal | Business Upturn

Mukesh Ambani & Sunil Mittal Partner with Big Tech Giants Like Google, Nvidia for AI & 5G Growth

Prakriti Mitra — Tue, 04 Mar 2025 10:43:13 +0000

Ambani & Mittal Join Forces with Big Tech for AI and 5G Expansion

India’s telecom giants Mukesh Ambani’s Reliance Jio and Sunil Mittal’s Bharti Airtel are forging strategic partnerships with global tech leaders like Google, Nvidia, and Microsoft to accelerate AI adoption, 5G expansion, and digital transformation in the country. This collaboration aims to leverage cutting-edge technologies to boost India’s telecom, cloud computing, and AI-driven industries.

Key Highlights of the Partnership

AI Integration: Companies plan to incorporate advanced AI solutions into telecom operations, enhancing automation and network efficiency.
5G & Cloud Computing: Reliance and Airtel are working with Google Cloud and Nvidia to develop scalable 5G applications and cloud-based solutions.
Digital Infrastructure: investments will focus on expanding data centres, AI-powered services, and telecom infrastructure across India.
Strategic Tech Support: Google, Nvidia, and other tech giants will provide AI models, cloud computing resources, and semiconductor advancements for next-gen innovations.

Impact on India’s Tech Ecosystem

The collaboration marks a major step in India’s ambition to become a global AI and digital powerhouse. With 5G rollouts in full swing, the focus is now shifting towards AI-driven telecom networks, smart cities, and enterprise solutions. Experts believe this partnership will:

Enhance digital connectivity, driving economic growth.
Boost AI-driven businesses, fostering new-age tech startups.
Create job opportunities in the telecom, AI, and cloud computing sectors.

Mukesh Ambani and Sunil Mittal’s partnership with big tech firms signifies India’s commitment to technological leadership. With AI and 5G as key growth drivers, the country is set to witness a transformational shift in its digital and telecom landscape.

Paytm advances 5% on report that Sunil Mittal is eying stake in company

News Desk — Mon, 27 Feb 2023 05:22:33 +0000

As a result of news that telecom tycoon Sunil Mittal is considering a stake in the company, shares of One97 Communications, which owns Paytm, increased 5% to Rs 655.30 in intraday trading on the BSE on Monday.

In an otherwise sluggish market, the shares of the fintech company has increased 8% during the last two trading days. Paytm was trading 3 percent higher at Rs 642 at 09:28 a.m., while the S&P BSE Sensex was down 0.22 percent. In the first 13 minutes of trading, about 3.2 million equity shares were exchanged on the counter on the NSE and BSE.

According to a Bloomberg story, Indian telecom mogul Sunil Mittal wants to acquire a share in Paytm by combining his financial services business with the payments bank of the fintech behemoth.

According to the report, Mittal wants to merge Airtel Payments Bank and Paytm Payments Bank through a stock transaction and also wants to purchase Paytm shares from other shareholders. Airtel and Paytm may not achieve an agreement at this early stage of negotiations, the report said. Another Bloomberg article, citing people familiar with the situation, claimed that Ant Group Co. is considering selling part of its shares in the company that runs the Indian financial technology company Paytm in order to retain its position within the required range.

One 97 Communications Ltd.’s share % climbed passively as a result of share buybacks, thus the Chinese fintech behemoth has been debating how to cut its holding, according to Bloomberg. Paytm repurchased shares earlier this month for a total value of Rs 849.83 crore, at an average price of Rs 545.93 per share. In accordance with a regulatory filing, the corporation repurchased 15.57 million shares for a price ranging between Rs 702.65 and Rs 480.25 per share.

Due to superior financial results in the October-December quarter, Paytm has outpaced the market in the past month by increasing by 25%. (Q3FY23). In contrast, the S&P BSE Sensex only slightly increased throughout that time, by 0.11 percent. Nevertheless, compared to the benchmark index’s 5% decline during the previous three months, it has increased by nearly 50%.

Paytm’s Ebitda (earnings before interest, taxes, depreciation, and amortisation), a measure of operating profit, increased to Rs 31 crore in Q3FY23 before ESOP cost margin. According to the company, revenue growth across all businesses, strict cost control, and operating leverage helped it achieve operating Ebitda profitability three quarters earlier than anticipated.

Telecom tycoon Sunil Mittal seeking stakes in Paytm

Aryan Jakhar — Fri, 24 Feb 2023 17:55:58 +0000

According to sources close to the situation, Indian business magnate Sunil Mittal is interested in acquiring a stake in Paytm by integrating his financial services business with the fintech giant’s payments bank.

Mittal wants to merge Airtel Payments Bank and Paytm Payments Bank in a stock transaction, and he also wants to purchase Paytm shares from other holders, according to people who asked not to be identified because they were sharing private information. The talks are still in their early stages, and Airtel and Paytm may not reach an agreement, according to the sources.

Paytm shares, formerly known as One 97 Communications Ltd., have recovered around 40% from their November record low as the company shows signs of becoming profitable.According to an exchange filing this month, the business cut its third-quarter deficit after a client acquisition push increased revenue.

“We remain fully focused on our strong organic growth journey and are not involved in any such discussions,” a representative for Paytm said in an email statement. A spokesman for Bharti Enterprises Ltd., controlled by Mittal, declined to comment.

Paytm, formerly India’s most valuable company, has never traded above its IPO price of 2,150 rupees since its offering in November 2021 and has seen the worst first-year share drop among significant IPOs over the previous decade. SoftBank Group Corp. of Japan and Ant Group Co. of China are among the company’s supporters.

According to exchange records, Mittal’s six-year-old payments bank had 129 million members and had been profitable in the fiscal year ending March 31, 2022.

Paytm is expanding its product offering in order to attract more users and persuade investors of its revenue potential. According to Bloomberg statistics, eight brokerages have either a buy or overweight rating on One 97 Communications, with a consensus 12-month price objective of 944.64 rupees.

Bharti Airtel urges GOI to keep 5G spectrum fees low

Keertiman Upadhyay — Thu, 21 Apr 2022 13:06:35 +0000

On Thursday, April 21, telecom operator Bharti Airtel urged the government to keep the spectrum fees low on the 5G network. It stated that launching a next-gen network is more beneficial than the collection of revenue.

Chairman of Bharti Enterprises, Sunil Bharti Mittal said at a conclave that “5G is important and that’s why we keep on requesting the government to make the 5G as an enabler for hundreds of things that we develop in the country, to keep the spectrum at affordable pricing, to not load the industry too much.”

The Telecom Regulatory Authority of India (TRAI) has recommended a 39% reduction in spectrum fees including the 5G network.

Mittal further stated to focus on the rollout of the network instead of acquiring the spectrum. “I will say the multiplier impact that a faster, high-speed, low-latency network can have for a country is many times more than what can be achieved by picking up some money upfront,” said the chairman.

Recently TRAI reported the number of fixed-line service providers for February 2022, in which Bharti Airtel had recorded 57.66 lakh subscribers.

Amazon strikes a deal with Verizon for launching satellites

Ayisha Farah — Tue, 26 Oct 2021 14:52:19 +0000

Amazon.com Inc. struck a settlement to use Verizon Communications Inc.’s network to connect its thousands-strong planned fleet of satellites, climbing up a competition with Elon Musk’s StarLink system. Amazon’s billionaire founder Jeff Bezos has invested $10 billion to satellite subsidiary Kuiper Systems LLC, which intends to launch 3,236 satellites into low-earth orbit to give broadband internet access.

Amazon will now search ways this so-called “constellation” of spacecraft could connect up to Verizon’s terrestrial telecommunications network and connect remote areas and businesses, the companies said in a statement Tuesday.

The deal will intensify the new space heat fired by billionaire investment. Bezos, the world’s second-richest man, is colliding with the world’s richest, Elon Musk, whose Space Exploration Technologies Corp. has launched above 1,500 low-earth orbit satellites into space and clashes with Bezos’s Blue Origin on launch technology.

Musk lately taunted Bezos after his enormous wealth exceeded that of the Amazon founder. He’s now worth more than a quarter of a trillion dollars, compared to Bezos’s $193 billion. Kuiper Systems in September filed a harsh criticism with the Federal Communications Commission, challenging Musk and his companies of ridiculing ordinances with a general attitude that “rules are for other people.”

The effort to provide low-earth-orbit satellite broadband draws in other investors, including more billionaires and governments. Investments like OneWeb, supported by Indian telecommunications tycoon Sunil Mittal and the U.K. government, recently struck a contract with AT&T Inc. to hook up customers via enduring land-based networks.

Amazon and Verizon will examine technical and commercial models for new services and increase Verizon’s network using Kuiper’s satellite broadband. Verizon and Amazon have previously collaborated on other communications technology, such as edge computing.

A spokesperson for Verizon said it’s a global partnership with Amazon, and it’s open to examining similar deals with other companies. Still, he declined to comment on the investments of the agreement.

After Vodafone Idea, Bharti Airtel goes for a 4-year moratorium on dues of the spectrum, AGR payment

Ayisha Farah — Mon, 25 Oct 2021 13:58:51 +0000

Bharti Airtel has notified the government that it will choose the four-year moratorium on AGR and spectrum dues after Vodafone Idea, news agency PTI reported. Vodafone Idea had earlier said its board has chosen the AGR payment moratorium from October 2021 to September 2025. The initial telco to receive the portion under the Department of Telecom’s recently begun telecom relief package.

On Monday, Airtel stock dropped 0.53% to close at ₹690.80 on NSE. Last month, Airtel Chairman Sunil Mittal said the company would opt for a payment moratorium and redirect the cash flow to build networks aggressively. The government granted the choice of dues moratorium to telcos as part of a recently-announced relief package for the telecom sector.

However, the telecom firms will have to pay interest during the moratorium period. Also, the government will have a choice to transform the due amount about the deferred payment into equity at the end of the moratorium/deferment period.

The measures, directed at granting relaxation to companies such as Vodafone Idea that have to pay thousands of crores in unprovisioned past statutory dues, also involve the scrapping of Spectrum Usage Charge (SUC) for airwaves received in future spectrum auctions. The PTI report said that Airtel told the government that it would take the four-year moratorium on AGR and spectrum dues “with the option of prepaying as per NIA (notice inviting application) norms.

In line with the changes revealed for the telecom sector, the government lately addressed to telcos, including Bharti Airtel, Vodafone Idea and Reliance Jio, urging them to communicate by October 29 if they would be opting for the four-year dues moratorium. The Department of Telecom (DoT) has also provided 90 days to the workers to show if they want to convert the interest amount about the moratorium period into equity.

Some of the interesting and unknown facts about Sunil Mittal that might surprise you

Shivya Kumar — Mon, 18 Oct 2021 14:57:32 +0000

He is one top entrepreneurs in India. A billionaire and a philanthropist, with being the sixth richest man in India and accounting to hold the second-largest telecom establishment in India, Bharti Enterprises. It has been accumulated that in the year 1990 he founded the Bharti Telecom limited and manifested fax machines and push-button mobile photos. Now the largest company across the globe. This is why we have enlisted some of the interesting and unknown facts about Bharti Mittal that might interest you.

Entered business at the age of 18

It has been known that when Sunil Mittal was 18 he started with his own business. To account for his startup he acquired money from his father and then facilitated the manufacture of the bicycle.

From a politician family

He is said to belong to a family of politicians. His father Sat Paul Mittal was a member of parliament from Punjab. He belonged to the part Indian National congress.

Introduced New technology phones

Sunil Mittal introduced a new era of mobile phones in India. He first introduced push-button phones in Taiwan and was fascinated by that and then inspired from that he launched the first-ever push mobile phones which replaced the rotary mobile sets.

Introduced Fax Machine

He is also set to have marked a first ear official intimation of the machine & cordless telephone in the year 1992.

Awards

Then in the year 2007, he was awarded the Padma Bhushan which is said to be the third-highest civilian honour in India.

These were some of the interesting facts about Sunil Mittal.

Famous inspirational quotes by Sunil Mittal – Sixth richest man of India

Shivya Kumar — Mon, 18 Oct 2021 14:56:22 +0000

Sunil Mittal is one of the top entrepreneurs of India. He is a billionaire and also the founder of Bharti Enterprises. It is the second-largest telecom company in India. Making him the sixth richest man in India. He belonged to a family of politicians and his father was one of the famous politicians. It has been stated that he started his startup at the age of 18. After which he moved to Mumbai and where opened Bharti Overseas Trading Company. He also imported Suzuki Power generators. From there on he accounted for his business Bharti Telecom Limited & manufactured fax machines & push-button phones. His success story though had numerous ups and downs but he faced them all, which is why he has incorporated some of his famous quotes to you all down below :

1. “For me, the relationship is very important. I can lose money, but I cannot lose a relationship. The test is, at the end of a conversation or a negotiation, both must smile”

2. ” If India has to get the complete benefit of its large population and big market, if you will not carry the weaker sections of society, if you will not incorporate the eastern part of India into the mainstream, I think India will never achieve its glory”

3. “If you can teach a child, then her family and her future is taken care of”

4. “Skills are expensive in Africa, best people are on American salaries”

5. “I would say history is a clear witness to many of the problems that have erupted when two partners from the same industry or same country have come together”

6. “I wanted to prove that a son of a politician can be a successful businessman”

7. “You can choose to be very profitable very quickly if you don’t want to grow

Scrapping of IUC levy benefit for Vodafone Idea, neutral for Airtel, some impact for Jio

Devanshu Singla — Sat, 02 Jan 2021 06:03:21 +0000

The elimination of inter-operator IUC charges may result in certain EBITDA(Earnings before interest, taxes, depreciation, and amortization) gains for Vodafone Idea and some impact for Jio, while it will be neutral for Airtel, according to a report. The zero IUC (Interconnect Usage Charges) regime was previously slated to come into effect from January 2020, but then the telecom regulator deferred its implementation till January 1, 2021.

IUC is a charge that is paid by a telco to another operator when its customers make voice calls to subscribers of the rival network, and these charges stood at 6 paise per minute.

Reliance Jio announced that calls by its users to other networks in India will become free from Friday, as the IUC regime ends.

“While telcos per se do not give a mix of on-net and off-net calls leave alone the incoming/outgoing bifurcation, TRAI’s data from year ago indicated that share of off-net incoming calls was increasing for Jio (and as a corollary outgoing calls decreasing) as it gained scale,” Credit Suisse said in its note.

However, since then Jio has capped off-net outgoing calls and also gained subscriber market share while Vodafone Idea (VIL) has lost market share.

Consequently, Jio has now become a net receiver of IUC and VIL a net payer, it said adding that for Bharti Airtel the mix is roughly balanced now.

“Consequently, elimination of IUC should result in some EBITDA (Earnings before interest, taxes, depreciation, and amortization) gains for VIL and some impact for Jio. Whereas, it will be neutral for Airtel,” the note added.

With Jio’s announcement of making off-net calls (outgoing calls to other networks) free, Credit Suisse said it expects the company to do away with caps on outgoing off-net calls for all in one plans without changing the tariffs. Jio’s IUC top ups would also become redundant and are expected to be discontinued, it said.

“This would make Jio’s tariffs comparable to Bharti Airtel and Vodafone Idea (VIL) whose plans do not have caps on outgoing off-net calls. We believe that all-in one plans are the most popular for Jio, and thus see limited impact of the announcement on Jio as it would not change the pricing of plans for consumers,” it said.

Sunil Mittal offers deal to OneWeb: Softbank’s satellite business

Himanshu Pandey — Tue, 30 Jun 2020 08:37:58 +0000

Indian media communications magnate Sunil Mittal offers a deal to OneWeb. The bankrupt satellite firm whose financial specialists incorporate SoftBank Group Corp. Moreover, individuals with information on the issue said. However, this is not the first time Sunil Mittal offers a deal to OneWeb.

Therefore, an arm of Mittal’s Bharti Enterprises Ltd. combination made a proposal. Furthermore it was for the London-based OneWeb with sponsorship from the U.K. government. However, the U.K. government intends to submit around $500 million to OneWeb. Which will be different from financial specialists as a feature of the organization’s Chapter 11 liquidation procedures. An individual with information on the issue said a week ago.But, OneWeb has said that offers were expected Friday.

Some portion of the U.K’s. enthusiasm for supporting OneWeb is to frame the reason for another national route framework, after the European Union solidified Britain out of the most secure components of the alliance’s undertaking, called Galileo. Executive Boris Johnson is attempting to draw in new remote venture from nations including India, China and the U.S. to help balance the U.K’s. takeoff from the EU.

Sunil Mittal At The Rescue

OneWeb makes purported low-Earth circle satellites that give rapid correspondences. It faces rivalry from Elon Musk’s SpaceX Starlink. Which is in the undertaking and Jeff Bezos’ Amazon-connected Project Kuiper.

The organization has brought about $3.3 billion up paying off debtors and value financing from investors including SoftBank, Airbus SE and Qualcomm Inc. since its origin, as indicated by filings. In a March 27 chapter 11 declaration, OneWeb accused the budgetary impacts and market choppiness identified with Covid-19 pandemic for its inability to acquire financing it required.

Mittal’s gathering controls Bharti Airtel Ltd., India’s second-greatest remote administrator. Portions of Bharti Airtel have risen 24% this year, giving the organization a market estimation of about $41 billion. The bearer is the greatest investor of Mumbai-recorded pinnacle administrator Bharti Infratel Ltd.

Different admirers have likewise been seeking after OneWeb, and there’s no sureness the Indian gathering’s offered will be fruitful, the individuals said. An agent for Bharti couldn’t promptly remark, while a representative for OneWeb declined to remark.

An agent for the U.K’s. Department for Business, Energy and Industrial Strategy declined to remark on any offer. “We have clarified our aspirations for space and are building up another National Space Strategy. To bring long haul vital and business advantages to the U.K.,” the administration representative said in a messaged explanation. “We are in ordinary conversations with the space business as a major aspect of this work.”

Bharti Enterprises took an interest in a 2015 subsidizing round for OneWeb. Which was close by different financial specialists including Qualcomm Inc. As well as Richard Branson’s Virgin Group and Airbus Group NV. OneWeb framed a coalition in 2018 with accomplices including Delta Air Lines Inc. Also Bharti Airtel and Sprint Corp. In order to permit remote bearers to expand their administration into plane lodges.