Business Today

In 2022, the telecom network wIll start to shIft Into space”

You have stayed focussed on telecom. Are you thinking of getting into providing content and other such services?

There is no service provided by a telecom company in the world which Airtel does not provide. Yes, we don’t produce our own content. We don’t have our own studios but we have tie-ups — Amazon, Netflix, Zee5. We will never be good at doing stuff that others do better than us. A classic case and I can reveal it today is the AT&T-Time Warner acquisition. When that happened, I straight away spoke to the AT&T CEO. He said the world has changed, smartphones have come and you will be able to groom content for mobile phone screens.

He told me he would ensure that Time Warner and AT&T are miles away, in terms of no-interference. But once you take over a company, the acquirer starts to put his people. That acquisition hasn’t gone down well is the only example I can give you of a telecom company going for a big bet

Você está lendo uma amostra, registre-se para ler mais.

Mais de Business Today

Business TodayLeitura de 1 mins
Government Fails To Back Investment Revival
A total of 254 investment projects, worth ₹80,100 crore, were announced in quarter ended December 2020 Value of government projects has been falling steeply for several quarters. It announced projects worth ₹11,400 crore, way lower than even in the l
Business TodayLeitura de 1 mins
Lessons From The Pandemic
Never ignore the perils of over-leveraging. There is a need to manage debt and keep costs under control, irrespective of business cycles There is no substitute for prudent lending. Growth by sacrificing margins or lending norms will not lead to susta
Business TodayLeitura de 5 minsCorporate Finance
Increasing the Depth Of Engagement With Investees
The end of one year and the beginning of another is a good time to take stock of the time gone by. But where does one begin in a year that has upended nearly every aspect of our lives? 2020 was at once a reality check and a time of reckoning. It conf