Billionaire Mittal says Reliance will shake up telecom in India

London

BHARTI Airtel Ltd's chairman Sunil Mittal said India's richest man Mukesh Ambani is going to shake up the country's telecommunication industry with the start of a US$15 billion fourth-generation wireless service.

The impending entry of Mr Ambani's Reliance Jio Infocomm Ltd is set to force smaller operators to consolidate, Mr Mittal said in an interview. Bharti Airtel - India's top wireless carrier - has ramped up investment and is looking for opportunities to purchase spectrum from other companies, he noted.