Number of telecom operators will come down to three by 2019: Sunil Mittal
Bharti Group chairman Sunil Bharti Mittal is known to speak his mind. In a free-wheeling chat, Mittal talks about philanthropy, his company?s attempts to retain the top slot in the highly-competitive telecom market and the new ordinance on insolvency. Today, you can?t keep shares in a philanthropic trust for more than a year. Some of the people were planning to give more shares but this makes it difficult. The second part is because the government is coming down on some of the fraudulent activities, if you gift the shares to a non-philanthropic organisation, which is going to hold the shares longer, the recipient has to pay full tax on it.
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