Sunil Mittal on cryptocurrency
From Sunil Bharti Mittal Speaks On How India Is On The Path Of Democracy At India Economic Conclave · · ET Now
“When it comes to the sovereign legal tender and suddenly you have a cryptocurrency which you can go and buy with rupees and transfer it at will to a wallet anywhere in the world to do what you want, I think it creates a serious problem. The Finance Minister when she raised the point in Washington the last few days is about a need for a global action or a global coordination to deal with crypto issue.”
On , Sunil Mittal, Chairman at Bharti Airtel, spoke about cryptocurrency during Sunil Bharti Mittal Speaks On How India Is On The Path Of Democracy At India Economic Conclave on ET Now.
About Sunil Mittal
Sunil Mittal, chairman of Bharti Airtel, participated in a conference call following the company's Q4 FY26 results, where he discussed plans to increase ownership in Airtel Africa over the next several years, describing a $3 billion share-exchange transaction as akin to acquiring a business the company knows deeply. He stated that the company's capital allocation priorities are investing in the core business, deleveraging, adjacencies such as data centers and financial services, and progressively increasing dividends. Mittal noted that the company's planned investment of 20,000 crore rupees in financial services over five years would likely be "significantly less" than that amount, and that Airtel is looking for a "very small controlled financial services business." Speaking at the CII Annual Business Summit 2026, Mittal urged Indian industry to increase domestic investment and reduce dependence on imports, echoing Prime Minister Narendra Modi's call for economic self-reliance. He said India needs to "get away from this obsession of import of gold," lower energy costs, and move faster toward renewable energy, adding that "this is the moment to invest double down in our own country." In a separate fireside chat, Mittal called on the GSMA to be more aggressive in advocating for market consolidation, citing India and China as examples where consolidation has led to lower tariffs and better network quality. He also described Airtel as a $130 billion company with 600 million customers across 17 countries, and highlighted the company's use of AI to block 71 billion spam calls and nearly a million fraudulent links.