“To say the telecom industry is in a bit of trouble is actually an understatement,” Mr. Mittal said. I am very hopeful something should happen.”Pitching for higher tariffs, Mr. Mittal said, “How long can you keep on killing each other. Asked about the competition, Mr. Mittal said the company welcomes competition and there is space for at least 2-3 constellations. Mr Mittal pointed out that the company, OneWeb, has been built 100% virtually. Mr Mittal added that the company will need to raise some more capital and there may be some more dilution of the company.

Source: The Hindu July 01, 2021 18:22 UTC