Despite $5 billion dues and Jio’s wrath, Airtel is not hanging up just yet

Mansi Taneja
Despite $5 billion dues and Jio’s wrath, Airtel is not hanging up just yet

India’s telecom industry maybe going through a rough phase, but industry czar Sunil Mittal is not ready to admit defeat just yet. Yesterday (Jan. 21), Airtel received the government’s nod to raise 100% foreign direct investment (FDI), it said in a filing to the stock exchanges. “Bharti Airtel has received approval from the department of telecommunications (DoT)…for increasing the limit of foreign investment up to 100% of the paid-up capital of the company,” the filing read.