Industry may as well put money in bank and play golf: Airtel
With the global telecom industry facing challenges in terms of revenue and returns for stakeholders, Airtel Chairman Sunil Mittal said investors may as well keep their money in the bank and "go out to play golf". "Industry market-cap and returns have started to become worrisome," Mittal warned. "[T]he taxes, duties...together load the industry with...30%-45% taxes around the world," he said.