Competition easing in India, consolidation seen: Sunil Mittal
"Hyper competition in the market...is clearly abating. Some semblance of sanity is being restored and consolidation is imminent," he said in a message to the company's shareholders.
Mittal also said telecoms tariffs had stabilised although "a fair amount of regulatory uncertainty still pervades the air".
New Delhi-based Bharti operates in 16 countries across Asia and Africa and is the world's fifth-largest mobile carrier by subscribers. India is the company's largest market.